Fitch’s 2018 Outlook for U.S. Lodging: Fitch Predicts Uninspiring Growth, with Some Upside Risk from Brighter Corporate Outlook

Fitch Ratings | December 7, 2017

Sector Outlook and Rating Trajectory Fitch's Sector Outlook: Stable Fitch Ratings has a stable U.S. lodging sector outlook for 2018, based on expectations for continued, low-single-digit (0%–2%) RevPAR growth. Higher average daily rates (ADR) will drive industry RevPAR; new supply will exceed demand growth, resulting in modest occupancy losses. The larger brand owners will continue to generate outsized unit growth driven by scale economies. Rating Trajectory: Static Fitch has a Stable Rating Outlook for the lodging sector during 2018, with most issuers managing leverage within their stated target range. Credit protection metrics w...