Over 50% of Hotel Rooms in Top25 Markets Are Over 20 Years Old Amid Limited New Development
🏨 In major hotel markets, over 50% of hotel rooms are now more than 20 years old. This aging inventory is matched by a limited development pipeline, resulting in few new hotels to balance the existing stock. The analysis covers the Top 25 markets, revealing a significant trend of aging infrastructure. The issue highlights the challenge of updating and expanding hotel capacity in these key areas.
Share
