Industry Outlook Remains Positive into 2016, Report Shows

    Good mid-single digit RevPAR growth is expected to continue for the brand companies through the second half of 2015 and into 2016 as industry participants note solid forward booking trends and ability to drive rates, according to a report from the Cleveland Research Company. The firm expects third quarter RevPAR growth to be modestly lower (50 basis points) than the second quarter, followed by a step up in growth in the fourth quarter, as a result of a push/pull of business from September to October. July and the first half of August appears to be tracking higher than second quarter growth levels, the company states. Feedback on both group and corporate travel remains positive, as many in the industry point to favorable group pace for the next 18 months, increasing F&B spend per room, and good leverage going into corporate rate negotiations for next year. To read the full report, click here.