By Stephanie Ricca
Data analysts at this year’s Hunter Hotel Conference said that while industry performance and overall growth might not hit the spectacular highs of 2015, hoteliers are in for smooth sailing this year.
ATLANTA—Barring an unforeseen event, the U.S. hotel industry cycle won’t face a downturn this year, and fundamentals indicate hoteliers have plenty of pricing power right now.
That’s the consensus of economists and data analysts who spoke at last week’s Hunter Hotel Conference. Examining both the larger economic picture and the data surrounding hotel performance, they concluded that while the pace of growth the industry experienced in 2015 is slowing down, those numbers should still make hoteliers happy this year.