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Hotel occupancy strong despite new supply

imgresHotels averaged a 65.5% occupancy rate in the US in 2016 – the highest occupancy rate ever recorded for a year – despite the new supply entering the pipeline, according to STR. There are 183,000 hotel rooms under construction in the US, a 30% increase from 2015, and STR forecasts that occupancy will drop slightly this year by 0.5%. Read the National Real Estate Investor online story here

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