In Depth: The Resort Segment
Resort projects have many moving parts, including a long, often complicated construction process; are labor intensive; and can take a while to get fully up to speed. But when the pieces all come together, the return on investment can be significant. With existing trophy destination resorts trading for sky-high prices, developers are always on the lookout for suitable new-construction opportunities. As of June 30th, Lodging Econometrics listed a healthy 976 projects in the U.S. resort construction pipeline, accounting for 137,937 guestrooms.