Demand for hotel rooms keeps growing
In the past year, the U.S hotel industry has sold more rooms than ever before. The percentage of occupied rooms averaged 72.4 percent over the 12 months that ended in the second quarter of 2017, and continues to grow. The U.S. economy is still relatively strong, and healthy corporate profits continue to create demand for business travel. As well, Hurricanes Harvey and Irma have contributed to demand, as those displaced seek places to stay.