Comments made by lodging C-Corps during the
Still, it is possible for group pace to slow even as group demand remains strong. A lengthening in the bookings window could explain the deceleration in group pace. In other words, companies may be booking meetings and events further in advance, which could reduce the comparable pace of bookings made in the year, for the year. However, overall group demand may be stable to improving with the benefits to accrue beyond 2014.
The benign supply environment for U.S. lodging has not changed, and it continues to support our Positive Sector Outlook. Although development financing has become more available and supply growth is accelerating, relatively long lead times for full-service hotel development should keep supply growth below its historical 1.9% average during the next 1-3 years.
Fourth quarter 2012 lodging industry earnings season begins in earnest this week and will lend clarity to actual RevPAR growth.
For more information on this topic, please see our "2014 Outlook: Cross-Sector Lodging and Timeshare" report published on
Additional information is available on www.fitchratings.com.
The above article originally appeared as a post on the Fitch Wire credit market commentary page. The original article, which may include hyperlinks to companies and current ratings, can be accessed at www.fitchratings.com. All opinions expressed are those of Fitch Ratings.
Director - U.S. REITs
Source: Fitch Ratings
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