New supply is beginning to outpace demand and sluggish GDP and inflationary growth, recorded so far this year, have caused many industry experts to reduce their projections for the rest of 2016. According to US Lodging research released by hotel research and data analytics firm STR, 2016 marked the industry’s first year-over-year quarterly occupancy decline in over six years as well as the lowest RevPAR growth since the start of the recovery in 2010. Hotel occupancy in the US fell 0.5% to 67% in the first quarter of 2016 while RevPAR growth for the first five months of the year dipped down to 3%. Compared to the 6-8% RevPAR increases the sector has been seeing in the past five years, CBRE projects RevPAR to only rise 4.2% for 2016. Despite expectations of deceleration in the next few years, hotel fundamentals are still considered strong and performance has remained near peak levels. Download the full report at Trepp or read it only at Hotel Online