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| R. Mark Woodworth |
ATLANTA, GA – According to PKF Hospitality Research, LLC
(PKF-HR), the U.S. lodging industry continues the extremely healthy upward
trend it began in 2Q10, with ongoing gains in all the major business
measurements: lodging demand, occupancy, average daily rate (ADR), and revenue
per available room (RevPAR).
Looking forward, the
company is forecasting a perpetuation of this growth through 2016.
According to the recently released December 2012 edition of
Hotel Horizons®, RevPAR for U.S. hotels is projected to grow at a compound
annual average rate of 7.2 percent for the next four years. This is more than double the historical
long-run average.
“Despite all these positives, there is a pall on lodging
industry participants induced by the federal budget negotiations,” said R.
Mark Woodworth, president of PKF-HR.
“Hoteliers are eager
to begin enjoying what appears to be a four year period of sustained high
levels of prosperity. Unfortunately,
there is so much uncertainty surrounding 2013 that almost no one overtly is
showing the optimism that should exist.”
For a complete copy of the company’s news release, including
charts, please contact:
R. Mark Woodworth
PKF Hospitality Research, LLC.
Tel: 404 842 1150, ext 222
Email: mark.woodworth@pkfc.com
Chris Daly
Daly Gray Public Relations
Tel: 703 435 6293
Email: chris@dalygray.com
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