Moody's: US lodging data points to continued slow growth in the year ahead
New York, January 31, 2017-- US lodging data shows essentially flat overall hotel occupancy growth last year, Moody's Investors Service says in a new report. At just 0.1%, occupancy growth came in at the low end of the rating agency's forecast for 0% to 1% expansion, though in general it remains at historical highs after two years of strong increases. In 12 of the top 25 markets, occupancy rates fell in 2016, prompting operators to sacrifice room rate increases to drive occupancy and...
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