Market watch article
Market Watch Territory: 
Central States (KS,NE)
Market Watch Month: 
February 2024

The Latest in the Central States (KS, NE) Hospitality Market

The year 2024 is shaping up to be a big one for hotel development, with a surge in projects planned across the globe. The US is leading the charge, with over 2,200 hotel projects expected to break ground this year, representing a significant increase from 2023. This boom is driven by pent-up demand from travelers, a strong economy, and low interest rates. With the rise of remote work and digital nomadism, extended-stay hotels are becoming increasingly popular. Brands like Hilton and Marriott are launching new extended-stay concepts to cater to this growing demand. With guests becoming more eco-conscious, hotels are incorporating sustainable practices into their design and operations...

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