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PKF: Occupancy Will Remain High Through 2017

PKF: Occupancy Will Remain High Through 2017

ATLANTA, Ga.—U.S. hotel occupancy will remain at record levels through 2017 according to PKF Hospitality Research | CBRE Hotels (PKF-HR). In the recently released December 2015 edition of Hotel Horizons, PKF-HR forecasts that the growth in demand for lodging accommodations ...

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Transient Segment Grows as Group Bookings Decline

Transient Segment Grows as Group Bookings Decline

NEW YORK—As hoteliers prepare for the start of 2016, properties in major North American markets are experiencing strong transient (individual business and leisure) bookings, as well as upticks in average daily rates, leading to strong RevPAR (revenue per available room) ...

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Business Travel Forecast Predicts Modest Price Gains in 2016

Business Travel Forecast Predicts Modest Price Gains in 2016

NEW YORK, N.Y.—The American Express Global Business Travel Forecast 2016, predicts ahotel prices will see modest gains in 2016, as a slowly-improving global economy and stronger demand outpace increases in supply. Global hotel performance is also expected to improve moderately ...

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Revenue Premiums Offset Great Costs in Historic Hotels

Revenue Premiums Offset Great Costs in Historic Hotels

When old hotels age gracefully and purposefully, they are able to achieve “grande dame” status. These properties typically compete in the luxury or upper-upscale market segments and frequently outperform the contemporary competition when it comes to occupancy and average daily ...

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