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
Wyndham Hotel Group signed seven Ramada properties in China and opened a 156-room Ramada in Nanjing,... read more »
Red Lion Hotels Corp. debuted its lifestyle brand with the Hotel RL Baltimore Inner Harbor.... read more »
Wyndham Hotel Group signed 12 property franchise agreements in South Korea,... read more »
InterContinental Hotels Group refuted talk in the market about a possible acquisition of Starwood Hotels & Resorts... read more »
Extended Stay America named Gerardo Lopez its next president and CEO,... read more »
AccorHotels named Christophe Alaux as CEO of hotel services of North America, Central America and the Caribbean,... read more »
Corporate housing supplier Furnished Quarters on Tuesday launched MyFQ to allow corporate housing program managers to access real-time property data,... read more »
Travel tech company CheckMate launched CheckMate Conversations on Thursday.... read more »
Carlson Rezidor Hotel Group on Monday announced plans to grow its existing number of hotels in China from 14 to more than 50... read more »
Furnished Quarters since Jan. 1 has expanded its available apartment inventory by 15 percent,... read more »
Starwood Hotels & Resorts Worldwide on Thursday named John Peyton senior vice president of brands and shared services.... read more »