Hotels are seeing more traffic as travel restrictions are being eased in a reaction to the COVID-19 vaccination efforts. The American Hotel and Lodging Assn. estimated that COVID-19’s impact on the travel industry in 2020 was about nine times of that from 9/11. In anticipation of a better year, hotel construction is resuming in many areas.
The U.S. led the world in new hotel and room openings during the first quarter of 2021, according to data from STR, a hospitality research firm. Its AM:PM platform showed the country’s construction activity continues to decline in comparison with pre-pandemic levels, however, as over the three-month period,
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