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.
Decarbonizing cities will take more than cutting carbon emissions from buildings operations.
Each of the four world regions showed a year-over-year decline in hotel pipeline activity at the end of the second quarter.
The new report, ‘Critical Factors to Attract Hotel Investment’, highlights the importance of attracting capital investment to enable the Travel & Tourism sector’s full growth potential.
Pandemic-hit sectors like offices and retail are making a comeback.