E-Forecasting.com Releases August Monthly Hotel Forecasts for Total US
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Fitch Ratings expects mid-single digit U.S. leisure transient lodging demand growth to decelerate to the low single digits against the backdrop of heightened geopolitical risk, US dollar (USD) strength, growth in alternative lodging accommodations and Zika-virus related health concerns.
Among the countries in the Middle East and Africa, Saudi Arabia reported the most rooms In Construction with 35,611 rooms in 79 hotels. United Arab Emirates followed with 28,082 rooms in 97 hotels.