Source: Hotel News Now
By Bryan Wroten
December 5. 2018
Another strong year of performance indicates the U.S. hotel industry remains on solid footing, keeping the door open for further investment.
During a recent webinar hosted by Marcus & Millichap titled “Hospitality investment forecast,” panelists shared their outlooks into the near future of the U.S. hotel industry.
A stronger U.S. economy has created opportunities and challenges for hotel companies, said John Chang, SVP of research services at Marcus & Millichap.
One result of that is increasing wages, which can be both a blessing and a curse, he said. Higher wages generally mean people can afford to travel and spend more, but for hotel companies they also represent a growing concern with controlling costs.
