There are smart people making bets on both sides of the equation. It's one of those perfect markets with a big group betting with their properties. |
There will be several more years of good growth. |
They're selling the experience not just a room for the night. There's a segment of the population that is pretty differentiating in what they think a brand is. Is there a point there will be saturation, absolutely. But, I'm not sure it's right now. |