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PwC: ADR Growth Lags, Despite Peak Occupancy Levels

PwC: ADR Growth Lags, Despite Peak Occupancy Levels

NEW YORK—An updated lodging forecast released today by PwC US expects revenue per available room (RevPAR) growth in 2015 to be driven more by occupancy than previously expected, as average daily rate (ADR) growth continues to look for a firm ...

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PKF-HR Forecasts Record Occupancy for 2015

PKF-HR Forecasts Record Occupancy for 2015

ATLANTA—The U.S. lodging industry will achieve 65 percent occupancy in 2015, the highest national occupancy rate since STR Inc. began reporting data in 1987, according to the recently released September 2014 edition of PKF Hospitality Research’s (PKF-HR) Hotel Horizons. By ...

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TravelClick: Hotels Positioned For Growth in 2014

TravelClick: Hotels Positioned For Growth in 2014

NEW YORK—Hotels are poised to see healthy growth in 2014, according to data from the February 2014 TravelClick North American Hospitality Review (NAHR). Both the transient (individual business and leisure travelers) as well as the group segment are seeing gains ...

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Los Angeles Hotels Broke Records in 2013

Los Angeles Hotels Broke Records in 2013

LOS ANGELES—Los Angeles Mayor Eric Garcetti and Los Angeles Tourism and Convention Board (LA Tourism) President and CEO Ernest Wooden Jr. announced that Los Angeles welcomed a record 42.2 million visitors in 2013, a 2 percent increase over 2012’s 41.4 ...

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Right On Schedule

In the fall of 2010, when U.S. hotel managers were preparing 2011 budgets, most industry participants were pleasantly surprised at the strong pace of the recovery in lodging demand. By year-end 2010, the occupancy level for U.S. hotels increased by ...

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