Hotel construction will hit bottom until next year, says STR exec

08/11/2011 | HotelNewsNow.com

Smith Travel Research and Lodging Econometrics are expecting a "muted supply pipeline" in the U.S. hotel industry through next year and probably until 2013. "We'll hit bottom in terms of construction this year and next. We'll begin to see that number grow again, but not right now or for the next 18 months," said Bobby Bowers, senior vice president of operations at STR.

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