Daniel Lesser

NEW YORK CITY—Driven by robust business and leisure travel, the US hotel industry completed another year of record setting metrics including: Occupancy, Average Daily Rate, RevPAR, Available Rooms, Occupied Rooms, and Rooms Revenue.  An extremely active and ferocious hurricane season during the summer months provided a boost to the extended-stay hotel segment but disrupted operations at many properties throughout Florida and Texas. While exacerbated in several submarkets, generally, the nation’s new hotel supply pipeline is fairly muted with an annual rise of approximately 2%, which is similar to the corresponding increases in demand.  Surging growth of GDP coupled with steady jobs increases and an ebullient stock market indicates a strong US economy for the foreseeable future.  Furthermore, healthy economies throughout the world are supporting growth throughout America.