US hotel supply starts to outpace demand

The US hotel sector’s rate of growth is slowing, with a 0.1% uptick in occupancy forecast for 2018 and a 2.3% rise in ADR for a projected 2.4% increase to RevPAR, according to CBRE HotelsAmericas Research. Supply is growing faster than demand, which is why most major markets will see a drop in occupancy next year. Read the Commercial Property Executive story here

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