Hotel executives warn of market oversaturation

01/27/2013 |

Many hotel brands have set their sights on growth this year, but some industry experts are wondering whether the market is in danger of oversaturation in the U.S. Wayne Goldberg, president and CEO of La Quinta Inns & Suites, suggests that oversaturation is not a major concern in the short term, but David Kong of Best Western International and Eric Danziger of Wyndham Hotel Group are more cautious. "I think that for the most part, supply growth seems to be in check, but a lot of it is concentrated in the midscale and upper-midscale segment. That creates a lot of supply in the marketplace," Kong said.

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