CoStar Group, Inc, renowned American provider of analytics, information and marketing services to the commercial property Industry in North America and Europe, founded in 1987 and based in Washington, D.C – U.S. according to an analysis has detected that the volume of hotel under construction in the United States is growing steadily increasing for the seventh consecutive month, following company's latest data in September 2024.
Isaac Collazo Vice President of analysis of STR Inc., a division of CoStar Group which provides marlet data on the hotel industry worldwide including supply and demand and market share data commented that the growth of housing in construction has accelerated in the last seven months.
Despite rising interest rates throughout 2024, developer appetite has remained strong and with the recent cut in september and more to come, the investor sentiment remains positive, as evidence by continued double - digit growth in the planning and final planning stages of the project.
Luxury and upper midscale continue to account for approximately 50% of all rooms in the final phase of the project, while luxury and midscale showed the largest growth in rooms under construction up 48.5% and 34.5% respectively.
Link - https://www.expreso.info/noticias/hoteles/103234_la_construccion_de_hoteles_en_eeuu_aumenta_por_septimo_mes_consecutivo
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