U.S. Lodging Growth Continues Despite Federal Economic Malaise

R. Mark Woodworth

Atlanta, GA, March 12, 2013 – Despite news of “fiscal cliffs” and “sequesters” coming out of Washington D.C., the U.S. lodging industry is forecast to continue to achieve strong gains in both revenue and profits in 2013.  

According to the recently released March 2013 edition of Hotel Horizons®, PKF Hospitality Research, LLC (PKF-HR), is projecting that U.S. hotels will enjoy a 6.1 percent increase in revenue per available room (RevPAR) for the year, along with a 10.2 percent boost on the bottom-line net operating income.

“The uncertainty and fear generated by Congress’ handling of the fiscal cliff and sequester may have tempered the pace of economic growth, but it has not completely shut down the growth in demand for lodging accommodations,” said R. Mark Woodworth, president of PKF-HR. 

 “Our forecast of a 1.8 percent increase in demand for 2013 is somewhat muted compared to the 3.0 percent increase recorded by Smith Travel Research (STR) in 2012.  However, when you combine the 1.8 percent growth in lodging demand with a projected increase in supply of just 0.8 percent, occupancy levels will rise to 62.0 percent.  This will take the U.S. lodging industry past the long-run average occupancy level of 61.9 percent, a significant milestone.”

For a complete copy of the company's news release, please contact:

For a   Chris Daly

President

Daly Gray, Inc.

Ph: 703-435-6293

Cell: 703-864-5553