Olasov stated it was remarkable that supply imbalances remain so "muted" as the economic recovery approaches the ten-year mark.
"Of course there will always be markets threatening disequilibrium — lodging products, in particular — but for the most part, these are exceptions against a benign backdrop," Olasov said. "Even fewer of these markets show retrenchment in net operating income, an obvious harbinger of a downturn."
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