Graph of the Day: US Hotel Room Supply and Demand, 1989-2009
From Calculated Risk: 
Mark Lomanno, President of Smith Travel Research gave a presentation on hotel performance in New York. Stacey Higgins at HotelNewsNow has some details: NYU: By the numbers
When contrasting this downturn with others, one of the most important differences is that as demand has declined at historically low rates, supply is still increasing. … Another noteworthy trend is the weakness of weekday performance, according to Lomanno. …
The first graph shows the 12 month moving average for hotel room supply and demand. As Lomanno noted, this is very unusual for supply to be increasing while demand is falling – and this is probably because of the huge surge in hotel construction in recent years (and these projects are just now being completed). …
