Hotel REITs Undermined by Weak Business Travel, Green Street Analyst Says

Lukas Hartwich, senior analyst at Green Street Advisors, joined for a video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.

Hartwich discussed the factors contributing to lagging fundamentals in the lodging sector. The most prominent one, he said, is weakness in business travel and spending. Hartwich pointed out that business travel accounts for about 75 percent of demand for lodging REITs.