New hotel construction lags hotel profits

06/9/2013 | Hotel Management online

Hotels are making more money, but they're not breaking more ground, and the supply of new hotels in the U.S. will inch up just 0.8% this year. "Recent performance of the lodging sector has exceeded industry expectations, even as fiscal challenges encourage near-term caution," said Scott Berman, principal and U.S. industry leader of hospitality and leisure at PwC.

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