After a long pandemic, many hotels are run-down and in desperate need of renovation. If you aren’t careful, you could stay in one this summer. When it comes to hotel development spending, the U.S. lodging market reached an all-time low in 2020, according to consulting firm HVS. Many hotels shut down or became apartments as the pandemic dragged on. Construction spending bounced back in 2021, but the lodging industry is still recovering. That means there’s a good chance you’ll find your hotel room in a state of disrepair this summer.
