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There’s a renewed wave of investment in hospitality in these metros.
After facing its sharpest decline on record in 2020, U.S. travel spending rebounded sharply as pent-up demand drove consumers back to planes, cars, and hotels. According to the Bureau of Economic Analysis, consumer spending on domestic accommodations surpassed pre-pandemic levels in 2022 and reached record highs in both 2023 and 2024. Amid this surge in demand, the number of hotel…
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