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Well, it’s halfway through 2016, and not much has changed since the beginning of the year. Despite the terrorism acts in Orlando, FL and Turkey, and the Brexit referendum, little has happened to affect the travel industry. Overall, things might have slowed a bit, but a majority of the fundamentals are holding steady, including occupancy, ADR and RevPAR. I’ve been asked why this cycle has lasted longer than those preceding it. As far as I am concerned, it’s due to a single phrase: Never Again.