Record Expansion Of U.S. Economy Translates To Strong 2000 Lodging Results

NEW YORK In the most recent update of the PricewaterhouseCoopers U.S. Lodging Forecast, PricewaterhouseCoopers predicts RevPAR growth in 2000 will be 5.6%, the fastest RevPAR growth in four years. This RevPAR growth is the direct result of the greatest demand growth the industry has witnessed in over 10 years. At 4.3%, demand growth is the highest it has been since 1989, and is more than enough to offset supply growth of 3.2% and to allow for ADR increases of 4.5%. PricewaterhouseCoopers expects occupancy to reach 63.9%, or 0.7% above 1999 occupancy. This is the first time in five years occupancy will increase. (8/17/00)