Extended-Stay Boom Spurs Choice-Wyndham Competition skift.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from skift.com Daily Mail and Mail on Sunday newspapers.
The Biden administration's infrastructure spending blitz has put more construction laborers on the road for work this year, fueling a race by extended-stay hotel operators to win their business. Data from Navan, a corporate travel management company, shows construction industry extended-stay lodging bookings are up 120% in the two years through the end of November. “If you look at the infrastructure bill and reshoring of American jobs, there's a huge amount of new business coming in - 50 million to 100 million room nights over the next decade that really are going to feed the extended-stay profile,” Scott Oaksmith, chief financial officer of Choice Hotels, said during a recent third-quarter earnings call.
US infrastructure building boom revs up extended-stay market kitco.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kitco.com Daily Mail and Mail on Sunday newspapers.
"ABC provides the opportunities and tools to be successful in construction, an industry that I chose when I was 16, climbing the ladder until achieving my career dreams as the president of a family-owned contractor,” said Henley.
Buddy Henley was elected national chairman of Associated Builders and Contractors for 2024 during a meeting of the ABC board of directors that was held in conjunction with the association’s annual Leadership Institute.