In general, occupancy levels have peaked and any short term RevPAR growth will be driven by increases to ADR. New supply of hotel rooms will continue to occur primarily in the Upper Midscale and Upscale chain scales. Of the nation’s top 25 markets, New York, Seattle, and Denver are experiencing double-digit increases of new rooms under construction while eight other markets are currently slated for increases of five to eight percent of existing room supply. Interesting observations from the LWHA 2016 Major US Hotel Sales Survey include: - 30 major sales occurred in the State of Florida followed by 26 in California, and 23 in New York; - Within major US metropolitan areas, New York had the most major hotel sales with 23, followed by 12 in Washington DC, 9 in Seattle, 8 in Miami, 7 in San Francisco, and 6 each Chicago, Los Angeles, and Phoenix; Get the full story at Hotel Online