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Photo Credit: The beachfront at The Ritz Carlton Key Biscayne Miami. The Ritz-Carlton
Marriott U.S. Hotel Pipeline Unstymied by Inflation and Labor Shortages
March 15, 2023
In short: Marriott’s U.S. hotel pipeline remains on schedule despite economic headwinds.
The company’s global development officer for the U.S. and Canada, Noah Silverman, reported that despite macroeconomic uncertainties and tighter lending conditions, hotels slated to open this year are opening on schedule. Silverman noted that signing momentum is holding strong, indicating resilience in the pipeline despite challenges in energy markets and construction labor availability.
Reference:Source.
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Marriott U.S. Hotel Pipeline Unstymied by Inflation and Labor Shortages March 15, 2023 In short: Marriott's U.S. hotel pipeline remains...
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