It's good news for existing hotels, since they benefit from an increase in demand. For the consumer, it's not so great.
More Quotes from Jan Freitag:
It looks like people have been paying attention rates are stabilizing, occupancies are increasing.Jan Freitag
I doubt anyone can speak with authority about this number, since even the definition of what constitutes a hotel is unclear when you leave the U. S..
Jan Freitag
The travel industry will do really well this year. It's a great time to be an operator. What that means for the individual is Book early, book often.
Jan Freitag
We expect to see only a moderate increase in room supply about 1.2 this year, compared with a historical average of 2.2 in the U. S..
Jan Freitag
It's a very strong showing. The good news is a lot of people want to come there.
Jan Freitag
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