Third quarter lodging fundamentals came in below the expectations of many, with RevPar growth of 1.7 percent year-over-year, led by rate growth of 2.1 percent. - The industry also saw third quarter lodging supply growth (1.9 percent) outpace demand (1.6 percent), resulting in occupancy decreasing 0.4 percent. - Demand in the Top 25 markets decreased year-over-year with a portion of this decline attributable to last year’s hurricane season affecting markets like Houston and Orlando. - As we head towards 2019, economic indicators appear to support continued industry growth, given high consumer spending supported by rising disposable income, employment and household net worth. Get the full story at PwC (PDF 385 KB)