Strong Demand for Hotel Rooms Forecasted to Follow into Next Year

“For the hospitality sector, 2020 could be an exceptional year” – John Chang, Senior Vice President/National Director, Marcus & Millichap Research Services

Travel trends are continuing to support demand for hotel rooms and hospitality entertainment packages, despite general concerns regarding the slowdown of the U.S economy. “The amount of money spent on leisure travel in the U.S has grown consistently by about 2.0 percent per year in recent years.” (U.S. Travel Association)
Source: National Real Estate Investor

 

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