Hotel Construction Slows for 7th Consecutive Month, But Room Planning is Up: Data

Originally published on August 14, 2022, by Michael Tucker for the Mortgage Bankers Association.

U.S. hotel construction has declined for seven consecutive months, reported STR, Hendersonville, Tenn.

“The U.S. hotel pipeline continues to decelerate as we enter the second half of the year,” said Carter Wilson, STR Senior Vice President of Consulting. “The continued increases in debt costs combined with the ongoing supply chain disruptions will likely delay projects from breaking ground this year, which will lead to a further decline in rooms in construction.”

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