Cycle Watch: the Canary in the Coal Mine

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Tracking submarket revenue per available room during past declines gives some insight into what point in the cycle U.S. RevPAR begins to follow that downward trend. HENDERSONVILLE, Tennessee—In a previous article, we observed the fluctuations of submarkets with negative revenue per available room percent change and related their count to the total U.S. RevPAR declines. …

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