STR: New York City and Nashville Significantly Represent U.S. Hotel Construction
HENDERSONVILLE, Tennessee—While U.S. hotel construction has declined for seven consecutive months, rooms in construction in both New York City and Nashville represent a significant percentage of those markets’ existing supply. Additionally, planning activity continues to rise nationally, albeit at a slower pace, with markets such as Miami, Nashville and Phoenix showing increased interest from developers, according to STR. U.S. Hotel Pipeline June 2022 Percentage change in comparison with June 2021: In Construction: 149,198 rooms (down […]
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