PKF Hospitality Research projects average daily rates for U.S. hotels will increase by 5.4 percent on a compound annual basis through 2016. - Business Travel News

Share this page

Business Travel Supplier Directory

Text size: A A A

NewsLog
RSS

December 13, 2012 - 12:00 PM ET

PKF Hospitality Research projects average daily rates for U.S. hotels will increase by 5.4 percent on a compound annual basis through 2016. Although U.S. fiscal cliff negotiations have the potential to derail hotel performance next year, the overall four-year period should be a "period of sustained levels of prosperity" with "record profitability" for hoteliers, PKF Hospitality Research president Mark Woodworth said in a statement. U.S. hotel occupancy by the end of 2013 should reach 62.1 percent, above the long-term average, according to PKF.

This page is protected by Copyright laws. Do Not Copy. Purchase Reprint

Leave your comment:

Comments

blog comments powered by Disqus
Related NewsLog
Red Lion Hotels Corp. will acquire GuestHouse International for $8.5 million,... read more »
Red Roof Inn will expand into Canada with four hotels slated to open by 2016,... read more »
The average daily rate and occupancy at Accor hotels increased year over year during the first quarter of 2015,... read more »
Starwood Hotels & Resorts Worldwide unveiled its Tribute Portfolio of upper-upscale independent hotels and resorts,... read more »
Loews Hotels & Resorts has acquired the Mandarin Oriental San Francisco and will include it in a new luxury brand,... read more »
The average daily rate at U.S. hotels in February increased 4.7 percent year over year to $116.55,... read more »
The average daily rate at U.S. hotels in 2015 will increase 5.3 percent year over year and another 6.3 percent next year... read more »
Hilton Worldwide will offer complimentary Wi-Fi to HHonors loyalty program members, regardless of booking channel used,... read more »
Starwood Capital Group officially completed its sale of Groupe du Louvre and Louvre Hotels Group,... read more »
United Kingdom-based The Serviced Apartment Company claimed its 2014 revenue increased 21 percent year over year,... read more »
Hilton Worldwide officially closed its sale of the Waldorf Astoria New York and will use the proceeds to purchase five properties,... read more »