{"id":1004161098,"date":"2016-12-07T06:18:04","date_gmt":"2016-12-07T14:18:04","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004161098"},"modified":"2022-12-09T00:10:23","modified_gmt":"2022-12-09T08:10:23","slug":"economy-watch-hotel-metrics-stabilize-in-3q","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/economy-watch-hotel-metrics-stabilize-in-3q\/","title":{"rendered":"Economy Watch: Hotel Metrics Stabilize in 3Q"},"content":{"rendered":"<p>By Dees Stribling, Contributing Editor<\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/03\/031912-Hotel-Key-Cards-user-Wonderdawg777.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004037124\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-hotel-metrics-stabilize-in-3q\/031912-hotel-key-cards-user-wonderdawg777\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/03\/031912-Hotel-Key-Cards-user-Wonderdawg777.jpg\" data-orig-size=\"500,334\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"031912-Hotel-Key-Cards-user-Wonderdawg777\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/03\/031912-Hotel-Key-Cards-user-Wonderdawg777.jpg?w=500\" class=\"alignright size-medium wp-image-1004037124\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/03\/031912-Hotel-Key-Cards-user-Wonderdawg777.jpg\" alt=\"031912-Hotel-Key-Cards-user-Wonderdawg777\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/03\/031912-Hotel-Key-Cards-user-Wonderdawg777.jpg 500w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/03\/031912-Hotel-Key-Cards-user-Wonderdawg777.jpg?resize=300,200 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>The U.S. hotel sector has done particularly well in recent years, but there&#8217;s some evidence that the industry is beginning to skate along a plateau. According to JLL&#8217;s third-quarter lodging outlook report, hotel RevPAR was up 3.2 percent year-to-date compared with the same period a year ago, which is certainly better than no growth. But a year ago, the RevPAR growth rate was a brisker 6.7 percent year-to-date compared with the same period in 2014.<\/p>\n<p>JLL also noted that occupancy growth has stalled as room demand has experienced downward pressure from more cautious corporate transient demand and a slight uptick in group cancellations in the short term, coupled with increasing supply. &#8220;Despite these headwinds, the national occupancy rate continues to hover at a historic high, and ADR gains are driving the entirety of RevPAR growth,&#8221; the report said. Year-to-date ADR growth at the end of the third quarter was 3.2 percent.<\/p>\n<p>Investors remain interested in the sector. Total hotel property sales volume amounted to $10.5 billion for the quarter, compared to $5.6 billion for the second quarter, though the expansion was largely driven by the purchase of Strategic Hotels &amp; Resorts. While annual sales activity has declined relative to last year\u2019s trading volume, the current level of quarterly transactions suggests that liquidity exists for high-quality assets in primary markets or secondary markets, the report posited.<\/p>\n<p>As for supply, about 70 percent of hotels under construction are select-service hotels. The increasing supply in this segment may place downward pressure on existing select-service hotel occupancy, but even so, a recent JLL select-service investor survey found that over two-thirds of investors expect the select-service market to post positive RevPAR growth next year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>While the U.S. lodging sector has done well in recent years, there&#8217;s some evidence the industry is beginning to plateau, a new JLL report notes. <\/p>\n","protected":false},"author":1023,"featured_media":1004037124,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[23891,21742],"tags":[32796,33032],"class_list":["post-1004161098","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","category-latest","tag-jll","tag-revpar"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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