The hospitality industry has witnessed a long slumber of subdued pricing levels. The recent growth trend of the industry led by a healthy increase in occupancy rates eventually flowing into average room rates increasing are signals of the trend turning around. Additionally, supply that played spoilsport in the past leading to disadvantageous pricing, is expected to slow down in coming years. New room supply is expected to lag demand growth by ~3-4%. This is expected to convert into growth in both occupancy levels as well as ARRs resulting in healthy RevPAR growth. We...