Hotel Owners Pumping Brakes On Development, Investment

Rising costs, lackluster demand and staffing challenges are causing hoteliers across the country to rethink investments in their existing hotels and development of new projects, according to an August survey by the American Hotel & Lodging Association.

Thirty-two percent of respondents reported delaying projects, while 24% reported scaling back new projects.   ...more

RSK: Most hospitality sectors are having a trying time and hotel/motel is among them.