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
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 »
Reserved occupancy at North American hotels for the first quarter is down 0.2 percent from the same period last year,... read more »
Hyatt Hotels Corporation announced its new, full-service lifestyle brand, Hyatt Centric.... read more »
Hotels in the United States could see a 7.4 percent year-over-year increase in revenue per available room and improved pricing power in 2015,... read more »
InterContinental Hotels Group completed its $430 million acquisition of Kimpton Hotels & Restaurants,... read more »
Sonesta International Hotels Corp. named Carlos Flores president and CEO,... read more »
The average daily rate at U.S. hotels in November increased 4.5 percent year over year to $112.52,... read more »
Hyatt Hotels Corp. next year will make Wi-Fi free at all hotels worldwide "regardless of booking method or loyalty program participation,"... read more »