By Scott Berman & Alec Massey The resiliency of the U.S. hospitality industry in 2021 has been remarkable. A gradual…
Browsing: PwC
The U.S. lodging industry continued to benefit from an outsized improvement in leisure demand through the summer months. As kids…
Increases in occupancy, ADR and RevPAR accelerated across Manhattan during the second quarter, as the vaccine rollout gained traction in…
The U.S. lodging industry continues to regain strength with early signs of an accelerated recovery emerging, according to PwC’s Hospitality…
NEW YORK—The COVID-19 pandemic continued to severely impair Manhattan hotels in the second quarter, as travel restrictions and business closures…
NATIONAL REPORT—The travel industry is gradually moving again, but predicting travel demand is challenging in a rapidly changing environment. For…
SEATTLE—Expedia Group Academy has migrated from the Expedia Group Academy LinkedIn group to a new online learning platform. The new…
NEW YORK—PwC has released its “Manhattan Lodging Index: Q1 2020.” In March 2020, the COVID-19 pandemic swept the nation, and…
NEW YORK—RevPAR fell 4.4% year-over-year in the fourth quarter mainly due to a decline in pricing power across the board…
NATIONAL REPORT—According to PwC, fourth quarter lodging fundamentals came in slightly higher than anticipated, with ADR levels up 0.7% and…
NATIONAL REPORT—Consumers are somewhat optimistic about holiday spending this year with 86% stating they will spend the same or more…
NEW YORK—During the second quarter of 2019, RevPAR in Manhattan fell 2.2%, as both ADR and occupancy declined. Demand did…
NEW YORK—Revenue per available room (RevPAR) fell to the lowest first quarter average since 2011, as average daily room rate…
NATIONAL REPORT—PwC has revealed its Q1 2019 edition of the PwC Hospitality Directions, and despite continued economic risks, the U.S.…
INTERNATIONAL REPORT—Set against a backdrop of continuing global, European and U.K. political and economic uncertainty, PwC forecasts that global economic…
NEW YORK—The Fourth Quarter 2018 edition of the PwC Manhattan Lodging Index has been released. According to the report, RevPAR…
NATIONAL REPORT—This year, consumers are shopping for the holiday experience. Travel combined with entertainment and holiday gatherings equals a merry…
NEW YORK—Growth in average daily room rate (ADR) began to slow from the first half of 2018, minimizing gains in…
NATIONAL REPORT—PwC has released its latest U.S. lodging industry forecast, PwC Hospitality Directions U.S.: November 2018. According to the report,…
NEW YORK—According to PwC’s Manhattan Lodging Index – Q2 2018, ADR was up for the sixth consecutive month, driving continued…
JOHANNESBURG—Africa’s hotel sector has the potential for further growth over the next five years, according to a report from PwC.…
NEW YORK—More hotels changed hands than opened during third quarter in Manhattan, picking up the pace for transactions “substantially” after…
NATIONAL REPORT—One of the world’s most visited travel destinations, Manhattan, is continuing to show declines in room rates, which outweighed…
NATIONAL REPORT—The latest research from PwC’s “Hospitality Directions” covering the United States shows nine months into the new administration, the…
NEW YORK—In its latest data released concerning the Manhattan Lodging Index, PwC surmises the greatest impacts from a glut of…