Even with some 50 new hotels in Charlottes pipeline, the area is poised for continued growth in occupancy and average rate, with commercial and residential developments expected to continue to boost hotel demand.
In the In Construction stage, the U.S. reported 192,132 rooms in 1,463 projects. Based on the number of rooms, that is a 12.9% increase in year-over-year comparisons.
The Caribbean/Mexico region reported 16,297 rooms in 92 hotel projects under construction during August 2017, which is a 24.4% year-over-year increase based on the number of rooms.
According to the report, in recent years the LGBT travel market has experienced a general upturn. Nevertheless, in some 70 countries around the world the legal situation of gays and lesbians remains very precarious, and a lot still needs to be done in terms of education.