You are here: Home  » 


Home » 

PwC US states lodging recovery continues with strong room rate gains

Published: 29/01/2014 - Filed under: Home » News » Home »

  • Print
  • Send

A strong Q4 for 2013 signals good things are ahead in 2014.  PwC predicts hotel occupancy levels will hit 64.2 percent in 2014, which will be the highest occupancy levels since 2006.  Luxury hotels are leading the pack with a target of 75.0 percent occupancy this year.   

"With the economic environment improving, US lodging recovery is now on solid footing," said Scott D. Berman, principal and U.S. industry leader, hospitality & leisure, PwC. "While the demand-supply balance remains favorable this year, the next phase of the cycle will be marked by a gradual return of new lodging supply, as investors and developers look to deploy capital in this sector."

It’s refreshing to see positive news on the US economy and the industry.

By Elizabeth Atkinson

Read more about...

Bookmark with:

ADD A COMMENT » 

Login details

To add a comment, please enter your email address and password.

Keep me signed in until I sign out

New users

If you are not already registered with us, please enter your email address and chosen password above, and also complete the details below. Your screen name will be displayed on our website.

Your message





TOP SECTIONS »

World Wise

World Wise

Cultural awareness and effective communications for doing business around the world »
Read more »

The Traveler's Choice

The Traveler's Choice

The Best in Business Travel Awards reflect an industry that’s both driving forward and reaching upward
Read more »

Creativity To Go

Creativity To Go

For the professional or the avid amateur, new technology can make your music, pictures and videos a traveling show
Read more »