While demand for hotel accommodations has experienced some moderation in the past year, it has now rebounded to its highest levels since peaking in 2018. Nevertheless, the growth in demand has not kept pace with the new room supply, resulting in lower occupancy rates compared to the previous boom periods.
As West Texas Ramps Up Oil Production, Will Hotels Reap the Benefit?
Occupancy Growth Hit 8% in April, Signaling a Potential Boom for Hotels
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