demand and supply growth rates
Hotel Markets Coming into Balance as Demand and Supply Growth Rates Converge
CBRE Group, Inc. | September 7, 2016
U.S. Hoteliers Operate in a Low Inflation Environment Atlanta – September 7, 2016 – The magnitude of change in the major industry indicators is not pleasing U.S. hotel owners and operators. New development activity continues to accelerate, while growth in average daily room rates (ADR) has decelerated. The sluggish start during the first half of the year resulted in another downgrade by CBRE Hotels' Americas Research of its forecast for the entirety of 2016. "It has been very interesting dissecting the performance of the U.S. lodging industry during the first half of 2016," said R. Mark Woodworth, senior managing director of...