Hotel Construction Rebounds Across the U.S.
Hotel starts for last four quarters are up 32 percent year over year.
During the past four quarters, construction starts for hotels across the nation were up 32 percent by room count from the same period a year ago, according to the latest project report from the Associated General Contractors of America.
New hotel project announcements are up 22 percent, according to Lodging Econometrics, which tracks the hotel industry globally, AGC reported.
“Fueling the construction rebound are rising occupancy and room rates at U.S. hotels since 2009 and a willingness by more lenders to make hotel-construction loans, typically the most volatile and risky of commercial real-estate classes.
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Source: AGC/Austin Business Journal
CONTRACTOR SUPPLY MAGAZINE
The April/May 2024 issue of Contractor Supply magazine is here!
This digital edition is sponsored by BECK AMERICA Inc.
Our cover story, Masters of Fasteners, visits Interstate Screw Corp. of metro Miami, which serves the fastening needs of south Florida, the Caribbean and Central and South America.
Also in this issue,our Industry Updates cover Adhesives, Tapes and Sealants, Anchoring Systems and Safety and PPE.
This digital edition is fully searchable and contains live links to every advertiser and new product listing. Click away!
