10/9/2013

Recent performance metrics show optimistic and pessimistic data for the worldwide hotel industry, experts said at an industry event. U.S. hotel demand has risen for 45 consecutive months, but supply growth is expected to outpace demand over the next 15 to 18 months, according to STR CEO Randy Smith. Many of the challenges are based in economics and geopolitical activity, STR Global Managing Director Elizabeth Winkle said, but growth opportunities exist in such hotspots as Indonesia, Malaysia, Thailand and Africa.

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