AHLA Survey: Majority of Hoteliers Scaling Back Development Plans
WASHINGTON, D.C.—Rising costs and uneven demand challenges are placing a significant strain on hotel investment and operations, according to a new survey conducted by the American Hotel & Lodging Association (AHLA). The survey, conducted in late August, featured input from nearly 400 hotel property owners and operators nationwide. Development and renovation plans remain under pressure, with 32 percent of respondents delaying projects, 24 percent scaling back, and 8 percent canceling entirely. Only 8 percent of […]
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