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)
Previous ArticleHotels In Middle East Show Strong Growth
Next Article Radisson Bats 1,000 in Second Quarter