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| R. Mark Woodworth |
Atlanta, GA – Recent gyrations on Wall Street
may have hoteliers questioning whether this is the beginning of the end to the
good times that have characterized the U.S. hotel industry for the past five
years.
PKF Hospitality Research (PKF-HR), a CBRE
Company, does not believe so and is reaffirming its near-to-mid-term forecast
for strong lodging financial performance.
According to PKF-HR’s
recently released September 2015 edition of Hotel Horizons®, U.S. hotels will
continue to enjoy above long-run average revenue per available room (RevPAR)
growth through 2018.
“It is hard to ignore what
has been happening on Wall Street, but the forecasts of employment and income
that we rely on to prepare our estimates of future lodging supply, demand and
average room rates (ADR) remain strong,” said R. Mark Woodworth, senior managing director of PKF-HR.
“The recent volatility in the stock market is
an indicator of the uncertainty that persists in the U.S. and world
economies. However, the probability of a
downturn in hotel industry performance remains remote.”
For a complete copy of the company’s news release,
please contact:
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