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| R. Mark Woodworth |
Atlanta, Ga. – The U.S. lodging industry will achieve 65
percent occupancy in 2015, the highest national occupancy rate since STR, Inc.
began reporting data in 1987, according to the recently released September 2014
edition of PKF Hospitality Research’s (PKF-HR) Hotel Horizons®.
(PKF-HR is a CBRE company.)
By year-end 2015, PKF-HR projects that the demand for lodging
accommodations will have increased 25.8 percent since the depths of the
recession in 2009, while the supply of hotel rooms will have grown by just 5.6
percent.
“An ever-improving economy, and the favorable relationship
between supply and demand, have led to significant growth in both revenues and
profits from 2009 to the current year.
"We expect this trend to continue through 2017,” said R. Mark
Woodworth, president of PKF-HR.
“The 1990s were the only other time we observed such a sustained
confluence of positive economic and market conditions.”
For a complete copy
of the company’s news release, please contact:
R. Mark
Woodworth
Chris Daly
PKF Hospitality
Research
Daly Gray Public Relations
Tel: 404 842 1150, ext.
222 Tel:
703 435 6293
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