Ten years of consecutive growth, no matter what the industry, is an impressive feat these days. That is what the U.S. hotel business is expected to notch in 2019, according to a new report by CBRE Hotels Americas Research. Hotel occupancy is predicted to rise to 66 percent. And despite some year-over-year softness that revealed itself in recent quarterly earnings, hotels can expect to see more growth for probably another year or so, says CBRE — thanks, in part, to money Donald Trump's tax cut put into people's pockets. The other side of the story is that room rates have oscillated so hotels aren't filling up at top prices. But given increasing fears of a global recession, whether founded or not, hotels in the U.S. certainly can't complain about a decade of solid growth, especially when Airbnb came along to shake things up.
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