24
Aug
20:52
US new hotel construction likely to be delayed
Proposed hotel projects in the US that have not begun construction are likely to be delayed or cancelled as the industry adapts to the Covid-19 pandemic, predicts real estate services firm Cushman & Wakefield, Kallanish reports.
According to the company's report on the US lodging industry's first half of 2020, total demand for the hotel industry has decreased from 338.7 million rooms in the second quarter of 2019 to 145.5 million in the second quarter …
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