Hotel construction and planning activity declined globally at the end of the second quarter, according to data from hospitality industry analytics provider STR.
The four regions of Europe, the Americas, Asia Pacific, and the Middle East and Africa recorded a drop in hotel pipeline activity in June, compared with the same month last year, the data showed. STR did not provide an explanation.
The total number of hotel rooms under contract declined most in Europe, by 7.4 per cent, and the least in…