Many construction markets are showing positive signs of growth, including hospitality construction. Economic recovery in the hospitality sector usually lags behind the economy overall, however as this 2014 lodging forecast on the website hospitalitynet.org explains, demand for new and updated lodging is growing – and actually outpacing supply. That creates a dilemma for the lodging industry that hospitality construction specialists, like Sundt, can help solve.
“The general trend in the industry is for construction of new rooms to represent two percent of the total available rooms in the market,” said Sundt Project Director Chandra Reilly. “Right now it is closer to 1.5 percent, so there is a gap which will eventually need to be closed. In response, Sundt has assembled a team of experts that will meet with developers and investors who are looking to build new properties or renovate existing properties. We have the talent and tools they need to stay competitive and maximize their investment.”
To find out more about some of Sundt’s current and recent hospitality construction projects, click here.