The recession is beginning to have an impact on hotel construction in the United States as the number of new hotel projects in the pipeline is declining and the number of project cancellations is increasing, according to Lodging Econometrics, Portsmouth, N.H. The new hotel pipeline—which includes projects under construction, scheduled to start, and in the early planning stage—was down 8 percent in the first quarter of 2009 from the fourth quarter of 2008, and 16 percent from the recent peak ...

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