Jan Freitag
Jan Freitag
benefit existing good increase news since
It's good news for existing hotels, since they benefit from an increase in demand. For the consumer, it's not so great.
average compared expect historical increase moderate room
We expect to see only a moderate increase in room supply: about 1.2% this year, compared with a historical average of 2.2% in the U.S..
demand dropped fall great grow hotels moving position rates
What's noteworthy is the rates did not fall when the demand dropped after 9/11. So hotels are now in a great position to grow the rates moving forward.