CALABASAS, CA—“A year of change is in the wind” for the hospitality sector, according to Marcus & Millichap’s latest report on the sector. In one key aspect—continued growth in RevPAR—the status quo will hold; however, the report says, “emerging trends shape this year’s outlook.”
For starters, there’s the amount of new construction, making for the highest rate of supply growth in the current cycle. Marcus & Millichap’s National Hospitality Group, led by director Peter Nichols, says 140,000 new rooms are projected to come on line across the US in 2017, up sharply from the 100,000 units that were delivered this past year and leading to a 1.9% increase in room inventory.
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