Hotel growth is slowing. Signs point to the last quarter of 2015 as the peak. U.S. hotel occupancy has increased every year since 2010, but will be flat in 2016 and drop in 2017, say forecasters. Revenue per available room (RevPAR) was 2.7% in the first quarter of 2016, down from last year’s national average of 6.3%.
Analysts say two main reasons are the flurry of recent activity that’s led to increased supply and the impact of peer-to-peer services such as Airbnb. Read more from Travel Weekly here.
