Attendees of The Lodging Conference this week in Phoenix were largely optimistic amid encouraging economic and performance forecasts. However, some hotel leaders urged restraint, especially in the supply pipeline. "We must be mindful to plan for whatever will come," said David Kong, CEO of Best Western International. "Supply is coming and the industry in the U.S. may be past its peak. The strategy must be how to grow your share of the pie because the pie is not growing."

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