Go. Book your vacation. The hotel industry is waiting to accommodate you. Marcus & Millichap’s Midyear Hospitality Research Report reveals an industry still on a growth trajectory, even if that growth is slowing just a bit.
“Slower rates of growth have supplanted the substantial gains recorded earlier in the cycle,” says Peter Nichols, VP and national director of Marcus & Millichap’s National Hospitality Group. And occupancy rates are declining in certain markets, particularly where supply is on the rise.