Hospitality Design
This Site Web | Advanced Search
Hospitality Design Home Hotel Industry News Green Hotel Design Hotel Furniture and Products buyers' guide Hotel Design Projects Hotel Interior Design Events Photo Gallery buyers' guide
Industry News


Updated Lodging Forecast Spells Optimism for Hotel Industry

Jan 22, 2013


PwC has revised its 2013 U.S. lodging forecast based on promising numbers from Q4 2012. The research firm now expects revenue per available room (RevPAR) to grow 5.9 percent this year, representing the fourth year of hotel recovery.

The last six months of 2013 promise to be better than the first. The December outlook from Macroeconomic Advisers anticipates slightly weaker economic growth in the first half of 2013, reflecting ongoing fiscal contraction and policy wrangling, uncertainty regarding the Eurozone crisis, and still-impaired bank and household balance sheets, followed by stronger economic growth in the second half of the year.

PwC projects that lodging demand in 2013 will increase 1.8 percent, which combined with still restrained supply growth of 0.8 percent is anticipated to boost occupancy levels to 62.0 percent, the highest since 2007. Hotels in the higher-priced segments are expected to experience the strongest gains. Occupancy levels at hotels in the luxury, upper-upscale, and upscale segments have already exceeded pre-recession peaks. As stronger business transient and group activity returns to higher-priced hotels, revenue management initiatives are anticipated to drive increased pricing of available hotel rooms, resulting in a continuation of meaningful RevPAR gains. Hotels in the lower-priced segments have not experienced as solid of a recovery in occupancy but are still expected to realize increased room rates as demand gradually strengthens.





    hdexpotab1
hdtalks: the interviews

Two of Grupo Habita's partners, Moises Micha and Carlos Courturier, discuss heir partnership and their management style. View the video.

 

MORE  

 
Produced by: Emerald Expositions
Nielsen      Contract Design | Hospitality Design | K+BB | DDI



Hospitality Design is the leading interior design industry publication and established web resource in the business. Providing comprehensive reporting on hotel industry
news and exclusive coverage of the latest ecological-friendly green hotels and bar designs, HD Magazine keeps you updated on the latest hotel trends in technology
and innovative interior design ideas. From recent hotel renovations and openings to award-winning luxury hotels and hotel construction projects, HD Magazine
keeps you informed on news that matters most to your hospitality business.

Hospitality Design Magazine | Hotel Industry News | Green Hotel Design  | Hotel Furniture and Products | Hotel and Bar Design Projects | Hospitality Design Events 
 | Hospitality Design Newsletter | About Hospitality Design | Hospitality Design Magazine Advertising | Hotel Design Opportunities 
| Contact Us | Site Map | RSS 
hdexpo2 hdboutique2 summit