Thursday, December 13, 2012

U.S. Lodging Industry Continues Healthy Upward Trend, PKF Reports


  
 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                                                             

Chris Daly
Daly Gray Public Relations
Tel: 703 435 6293


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