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 ...

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