STR, TE Forecast: Modest growth to continue for U.S. hotels

STR, TE Forecast: Modest growth to continue for U.S. hotels


The U.S. hotel industry is projected to report continued modest growth through 2018, according to STR and Tourism Economics’ latest forecast released on Monday at the NYU International Hospitality Industry Investment Conference.”The political and economic climate in the country continues to evolve with uncertainty. That coupled with lower than expected pricing power during the first quarter led us to decrease our ADR growth projections,” said Amanda Hite, STR’s president and CEO. “Nonetheless, signs continue to point toward business as usual for this stage in the industry cycle. Accelerating supply growth is pressuring occupancy levels, but rate increases will continue to push overall RevPAR growth—albeit below the historical average.”

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