Slowdown in hotel supply to cause a rise in room rates, PwC says

08/30/2010 | BusinessTravelNews.com

PricewaterhouseCoopers released its quarterly lodging forecast on Monday, saying "robust room rate growth" in the U.S. next year would be driven by a slowdown in new supply. PwC estimated a 2% supply growth for 2010, falling to 0.4% next year. Meanwhile, hotel demand growth is expected to continue as business travel recovers, according to PwC.

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