• Mon. Apr 22nd, 2024

Banking Disaster Possible To Have Adverse Influence on Hotel Supply

Bynewsmagzines

Mar 31, 2023
Banking Crisis Likely To Have Negative Impact on Hotel Supply

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In his most up-to-date month-to-month “On the Radar” movie insights into lodge business knowledge and subject areas, CoStar Countrywide Director of Hospitality Analytics Jan Freitag discusses a single possible effect of the collapse of Silicon Valley Lender and Signature Bank on the lodge sector: a deficiency of financing available for hotel construction.

Freitag pointed out that resort rooms in the development pipeline have “hovered close to 160,000 for about a year and these occasions will likely negatively impact that selection.

For more of Freitag’s insights, view the movie earlier mentioned.

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