Muted supply growth strengthens experts' outlook on hotel industry

11/13/2013 | Hotel Management online

Analysts during the International Hotel Motel & Restaurant Show in New York this weekend expressed a positive outlook on the lodging sector amid a weak 0.7% supply growth in 2013 and a 4.3% increase in group rates compared with figures last year. "Out of the top 27 markets in the U.S., nine are seeing at most 2% growth, with markets like Las Vegas having zero growth," said Vail R. Brown, a vice president at STR.

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