SEATTLE—Seattle is one of several hotel markets “at risk” of experiencing declining revenues per available room, according to a study by PriceWaterhouseCoopers. The study, which also says the Atlanta, Boston, Washington DC and Chicago markets are at risk, is based on research indicating that too many high-end hotels have been built in these cities.

The report places Seattle, Dallas, Houston, Orlando and Philadelphia in the in-decline category because hoteliers there continue to build new properties despite pressure on profit growth over the past year. Favorable cities include New York, Los Angeles, San Francisco, San Diego, and Miami, thanks to a slower-growing supply and fast-rising prices and occupancy rates.

High-end hotels around the country will face the most pressure, because more of them are being built, the consulting firm concludes, as its December data showed high-end hotels accounting for 48% of the hotels under construction, while economy hotels accounted for 21%, PriceWaterhouseCoopers reports.

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