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Takeaway: We still think the industry will fall below the low end of MAR’s Q4 RevPAR guidance of 5-7%.

  • RevPAR trends are softening
  • We are projecting 4-5% Q4 RevPAR growth in the US for the Upper Upscale segment
  • The Street and company guidance looks too high for 2013 – MAR guided to +5-7%.  We don’t share their optimism.

CHART DU JOUR: MODERATING REVPAR TRENDS - strs