Hotel Construction Pipeline Down in Q4 2021
The latest U.S. Hotel Construction Pipeline Trend Report by Lodging Econometrics reported that fourth quarter 2021 hotel projects totaled 4,814, down 8% compared to the same period in 2020. Total hotel rooms fell 10% from Q4 2020 to 581,953. The declines were related to lingering COVID-19 pandemic project delays, increased inflation and supply chain shortages.