North American Hotel Construction Down in March
North American hotel construction in March was down 11.6% with 240,635 rooms compared to the same month in 2020. Rooms in “final planning” dropped 13.4% to 254,389, but rooms “in planning” grew 2.8% over March 2020 to 265,702.
The U.S. saw the most growth worldwide with 26,057 room constructed in the first quarter. See STR