The supply of new hotel rooms in the U.S. could accelerate in the next couple of years if, as economic trends indicate, construction and real estate prices decline, according to a new report by PKF Hospitality Research, Atlanta. “Should construction costs decline by 5 to 10 percent, the potential exists for the supply growth to exceed demand growth during the next two years,” states the report, called, “The Hotel Supply Conundrum” authored by John Cargel, PhD, senior advisor at PKF ...

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