Hotel Development Slips But Remains Robust

The U.S. hotel construction pipeline dipped during the third quarter but remains “robust,” said Lodging Econometrics, Portsmouth, N.H.

Hurley

Jeff Hurley

CBRE: Hotel Recovery Could Start Soon

After facing the lowest occupancy levels since the 1930s and huge revenue and profit declines in the second quarter, the hotel sector could begin a multi-year recovery soon, said CBRE, Los Angeles.