The hotel industry on the whole is excited about the positive forecasts and demonstrated growth. The majority of hoteliers notice that demand is growing so they can push rates, and developers are securing the money to develop properties. "And with supply and demand in check that means the industry is set up for years [of] strong returns. That is until the inevitable happens in 2017 or so and the industry once again gets overbuilt," writes Glenn Haussman, editor-in-chief at Hotel Interactive.

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