PwC’s 2012 RevPAR outlook for 2012 is stepped down to 6.6 percent growth, followed by 5.4 percent in 2013.
Reflecting the slower near-term economic growth, weaker third-quarter results, and the impact of Hurricane Sandy, our expectations for RevPAR growth in 2012 and 2013 are lower than in our August outlook.
PwC’s lodging outlook anticipates continued growth in occupancy and average daily rate (ADR) will result in a 6.6 percent increase in revenue per available room (RevPAR) in 2012, followed by a 5.4 percent gain in 2013. Supply growth remains suppressed and occupancy is expected to advance to 61.9 percent in 2013. ADR growth is expected to accelerate.