Hospitality directions US Q1: May 2010

May 2010
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PwC's lodging forecast anticipates hotel occupancy rates will increase 3.5 percent in 2010, resulting in a 1.8 percent increase in revenue per available room (RevPAR), the first annual increase in this metric since 2007. Economic conditions support increased travel demand by businesses and households, and with construction starts slowing, hotel supply growth is decelerating. These conditions support a forecast of 6.3 percent RevPAR growth in 2011.