The recession of the past two years will affect new hotel construction for the next three years, and the projected slowdown in supply is good news for the hotel industry. A lack of financing for new hotels has stalled many projects in the construction pipeline, according to Lodging Econometrics, Portsmouth, N.H. “The total number of projects pres¬ently under construction, at 487 projects/62,041 rooms, is the lowest we’ve ever recorded,” LE officials stated in a press release. That’s down ...

Register for Complete Access (Valid Email Required)

By registering on MeetingsNet now, you'll not only gain access to Hotel Construction Pipeline Down 72 Percent From Peak, you'll get exclusive access to a large archive of premium content.

Already registered? here.