The US lodging industry continues to enjoy the benefits of strong economic fundamentals as metrics on spending, global trade, and various manufacturing indices signal that America’s economy is poised for further growth.  The US labor market continues to generate new jobs and further optimism is evident given the recently passed Tax Cuts and Jobs Act.  US demand for leisure and business (transient, group meeting, and convention) travel accommodations has continued to rise with growth in demand outpacing supply through the first quarter of 2018. Demand for transient accommodations in several markets (such as Houston and South Florida) has been enhanced by continued natural disaster-induced demand and strong resort performance driven by in part by closures and devastation still evident in the Caribbean.