Hotel analysts on how the last decade shapes the future
Experts at the Hotel Data Conference share their insights into how U.S. hotels have fared for the past decade and what that means for the industry going forward
24 August 2018
The hotel industry was in a bad place a decade ago, but since then hoteliers in the United States have enjoyed an unprecedented demand environment that continues to fuel performance today.
Speaking during the "Ten years of data + two industry analysts = Insights to current industry trends" session at the Hotel Data Conference, Isaac Collazo, vice president of performance strategy and planning at InterContinental Hotels Group, said the current environment is truly unique in the history of the industry.
"We're in the best demand environment we've ever seen as an industry," he said.
And simultaneously, the U.S. hotel industry has enjoyed relatively low supply growth, although Collazo noted the impacts of new supply have been felt more acutely in some areas than others, both geographically and speaking of chain scales.
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