US hotel capacity expanding faster than demand

According to PFK Consulting, there will be some excess rooms available in most major US cities next year.

Construction and recent building has added to the supply, and demand is not growing quite as strongly.

What does this mean for cheap travelers? An excess of rooms to be sold at great rates on Kayak, Travelocity and other travel sites. However, the discrepancy is not high enough that travelers should expect available rooms during peak travel periods or events.