Aug
30

How the Hotel Sector Can Achieve Growth

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With 2,000 attendees and an outstanding speaker lineup, you can’t afford to miss RealShare APARTMENTS in Los Angeles on October 21-22.

Falor: “Maturation of the hospitality cycle is basically limiting room-rate growth over the next few years because we’re starting to see supply become a factor.”

IRVINE, CA—Economic trouble abroad means foreign travel is expected to decrease, plus the hospitality sector is reaching a maturation point that limits room-rate growth, presenting challenges in the hotel market, according to a soon-to-be-released report from Auction.com. We spoke exclusively with Anthony Falor, managing director of the firm’s hospitality division, and Peter Muoio, its chief economist, about how the sector can hope to achieve growth in the near future.

GlobeSt.com: With foreign travelers to the US expected to decrease due to weakened currency in some overseas markets, what can hotel operators do to either entice foreign travelers or to make up for the potential shortfall?…

How the Hotel Sector Can Achieve Growth

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