Daniel Lesser

NEW YORK CITY—Although the eight-year bull market in the US lodging industry is showing signs of deceleration, the sector posted record performance metrics on a national level during 2016 including: 65.5 percent occupancy, $124 average daily rate, $81 revenue per available room, 1.8 billion available room nights, 1.2 billion occupied room nights, and $149 billion in rooms revenue.  Q1 2017 compared with Q1 2016 indicates a continued increase in every major category of measurement.  Although US Gross Domestic Product (GDP) growth remains muted, anticipated legislation relating to tax reform and infrastructure spending should accelerate GDP and positively impact demand for transient lodging.  Additionally, the current US Presidential administration’s pro-business policies are seemingly beneficial for the sector.