The pace of overall U.S. hotel industry growth has slowed, due in part to rising supply, growing expenses and less-than-aggressive pricing of average daily rate. But industry analysts point to some bright spots, like demand, group performance and a steady overall economy, that are contributing to forward motion, even if it comes at a slower pace.

Speaking at the NYU International Hospitality Industry Investment Conference, STR President and CEO Amanda Hite and HVS President and CEO Stephen Rushmore Jr. put the latest performance trends into context.

Related: STR and Tourism Economics downgrade U.S. Hotel Forecast