PricewaterhouseCoopers forecasts hotel demand growth of 2.2% this year and a 0.8% rise in room supply. This increase in demand amid weak supply growth is expected to boost occupancy levels in 2013 to 62.2%. "Hotels in higher-priced segments are achieving occupancy levels above the prior peak, and looking ahead, the foundation is in place for solid rate gains as travel demand grows and hotel operators adjust strategies accordingly," said Scott D. Berman, principal and U.S. industry leader of hospitality and leisure at PwC.

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