US Hotel Room Construction Hits 20-Quarter Low
UNITED STATES, JUL 21 – U.S. hotel rooms under construction fell 11.9% year over year in June, driven by economic uncertainty and tariffs affecting construction pipelines, CoStar data shows.
Summary by constructiondive.com
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US hotel construction declines for sixth month amid economic uncertainty: CoStar
Rate this post The total number of hotel rooms under construction in the United States in June stood at 138,922, reflecting a drop of 11.9 pc compared to the same month in 2024, says a report by CoStar, a provider of real estate data and analytics, making it the sixth consecutive month that the number of hotel rooms under construction in the country has declined year-on-year. In a press statement, CoStar says that the rooms in the final planning…
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