11/13/2013

PwC US said in an updated performance forecast for U.S. hotels that it expects continued improvements in hotel fundamentals for the rest of the year and in 2014. PwC projects a 5.5% growth in revenue per available room in 2013 and a 5.9% growth in the same metric in 2014 amid steady improvements in average daily rate and occupancy. Occupancy levels are expected to reach 62.2% this year due to a 2% rise in demand and a 0.9% supply increase.

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