North America
Hotel Construction Declines Worldwide
According to the latest STR U.S. bubble chart update , for the four weeks ending April 15, recovery growth across a range of industry indicators took a small backstep, with occupancy falling from the prior month.
Each of the four world regions showed a year-over-year decline in hotel construction activity , with Asia Pacific coming closest to its 2022 comparable, according to March 2023 pipeline data from STR.
The Hospitality Asset Manager Association released the results of its Spring 2023 Industry Outlook Survey .