Posted 9/18/2009 - 10:45:35 AM
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What are these?
NEW YORK—According to Jones Lang LaSalle Hotels’ latest RevPAR forecast, RevPAR is expected to return to growth during 2011, the first year-over-year RevPAR increase since 2007.
According to the report, RevPAR is expected to increase 7.3% in 2011, which approximates the growth rate recorded in 2004. This growth rate is almost twice the previously forecasted growth rate.
According to Jones Lang LaSalle Hotels, 2009’s RevPAR decline will amount to 17.4%. In 2010 RevPAR is expected to fall an additional 2.4%.
By 2013 RevPAR is estimated to reach $66.80, which would exceed the previous peak of $65.50 in 2007. Also in 2013, U.S. ADR is expected to be 5% higher than the previous peak in 2008 of $106.60.
