According to Lodging Econometrics, "upper midscale, upscale and the midscale chain scales" represent 65% of all projects in the works as of the second quarter of 2024.
Kathakali Nandi notes at Hotels, the number of hotel projects in the works represents "an all-time high in the second quarter." Both the total number of hotel projects and the number of rooms in those projects are also up year over year compared with 2023.
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