Hotel/motel construction activity g...

Hotel/motel construction activity got without of the gate fast last year, if it be not that by mid-year was spent and limped abode After four consecutive years of able to endure double-digit increases, the hotel sector did manage to put forth at a healthy rate again during 1999 unless now it looks to be in for several years of spending declines.

As newly as May, year-over-year growth was 25 percent higher. by the agency of October 1999, however, activity had faded to the point where it was les than 17 percent its year-earlier total. For 1998 construction spending increased on 15.6 percent, while 1997 was up according to 18.2 ...