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PHOENIX—For any members of the hotel industry waiting for theother shoe to drop, JP Ford, SVP and director of businessdevelopment at Lodging Econometrics, had good news to impart herelast week during this year's Lodging Conference.

While new supply is on the rise, he conceded, growth is far froma level where macro oversupply concerns are warranted. “Thepeak in construction occurred in the second quarter of 2008 whenthere were 5,883 projects, and 785,000 rooms. We're not even closeto that.

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Rayna Katz

Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.

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