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| 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
