#hotel-construction

#hotel-construction

A hotel is already alive long before it welcomes its first guest. Housekeepers make the rounds before dawn, kitchen crews rehearse dishes yet to be ordered, concierges prepare for the day. This unseen work is now expanding as Southeast Asia's travel sector expands at an unprecedented pace. The region's hospitality sector is projected to grow to roughly $208 billion by 2033, up from $136 billion in 2024, according to Deep Market Insights, a market research firm.

Construction of hotels has plunged in the Bay Area, a nosedive that was unleashed by stubborn problems for hotel financing and elevated construction costs, a new report from Atlas Hospitality Group shows. An estimated 15 hotels with an aggregate 1,610 rooms were under construction in the Bay Area during 2025, representing a sharp decline from the equivalent totals in 2024, according to the report from Atlas Hospitality. This news organization derived the totals from figures that Atlas Hospitality compiled for its report.