Wednesday March 20th, 2013 - 11:23AM
ATLANTA—PKF Hospitality Research is projecting that U.S. hotels will enjoy a 6.1% increase in RevPAR for the year, along with a 10.2% boost on the bottom line net operating income, according to its recently released March 2013 edition of Hotel Horizons.
In addition, the company has forecast a 1.8% growth in lodging demand for 2013 with a projected increase in supply of just 0.8% bringing occupancy levels to 62.0%.
The 6.1% pace of RevPAR growth forecast for 2013 is less than the 6.8% increase achieved in 2012. However, the 2013 growth rate is more than double the long-run average of 2,9%.