U.S. Hotel Construction Declines in June

U.S. hotel construction at the end of June was down 20.1% to 149,198 rooms compared to the same month in 2021 with New York, Nashville and Phoenix leading the current supply. Rooms in “final planning” dropped 11.3% to 178,809, but “in planning” projects grew 6.1% over June 2021 to 281,190. See STR

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