PwC Releases Updated Lodging Outlook
September 1, 2015PwC’s latest “Hospitality Directions U.S.” report updates the hospitality outlook for 2015 and 2016:
“As the economy rebounded from a first quarter slump, driven by the absence of transitory factors, performance of the U.S. lodging sector in the second quarter generally met expectations, with a year-over-year RevPAR increase of 6.5 percent. During the second quarter, ADR growth drove RevPAR increases to a trends in the U.S. remain robust — both transient and group demand have continued to show strong momentum, with increases of 1.4 percent and 1.5 percent in transient and group occupancy levels, respectively, during the first-half of the year, compared to year ago levels.”