The overall outlook of the U.S. hotel industry shows demand will continue to rise in 2018 and outpace supply, according to industry forecasters speaking at the recent Americas Lodging Investment Summit, reports HNN’s Stephanie Ricca.

Carter Wilson, VP of consulting and analytics for STR predicts a supply growth of 2% and demand growth of 2.3% in 2018 compared to 2017. He also projects year-over-year occupancy growth of 0.3%, average daily rate of 2.4% and revenue-per-available-room growth of 2.7%.

“New supply is not really a concern, though I know in particular markets it can be,” Wilson said.