Lodging Econometrics: New Brands and Delayed Projects Swell Hotel Construction Pipeline
Smart Meetings
MAY 24, 2023
Increased activity in the Americas sign of shift in hospitality industry trends What if we told you that across Latin America, the number of guest rooms in the hotel construction pipeline topped 90,000, a 2% increase over last year, led by the growing hospitality footprint in Mexico City? How about the news that 283 projects totaling more than 37,000 guest rooms are in some stage of planning or building in Canada, a 10% increase in projects and a 5% increase in the rooms pipeline since last year
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