The lack of available labor has been a larger factor in project delays than the materials.

Investors and lenders also weigh in on the state of hotel industry financials.

PwC and ULI's emerging trends survey found that 82% of respondents consider ESG elements when making operational or investment real estate decisions.

Renters are now the majority in more than 100 US suburbs, including the suburbs of Miami, Washington DC, and Los Angeles.