The U.S. hotel industry continues to grow at a slow and steady pace, but there are several factors that could affect this period of growth.

One of them being the slowdown in international demand to the U.S. when looking at air travel while domestic air passenger growth remained steady. Domestic was truly the wind in the sails of hotel room demand in 2018 as opposed to international visitors coming and spending nights in hotels.

There are a number of reasons behind why less international travelers are coming to the U.S., he said, but the main reason is that the U.S. is more expensive than it has been over the last five years.