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PwC US projects positive growth for U.S. hotels

PwC US said in an updated performance forecast for U.S. hotels that it expects continued improvements in hotel fundamentals for the rest of the year and in 2014. PwC projects a 5.5 percent growth in revenue per available room in 2013 and a 5.9 percent growth in the same metric in 2014 amid steady improvements in average daily rate and occupancy. Occupancy levels are expected to reach 62.2 percent this year due to a 2 percent rise in demand and a 0.9 percent supply increase. Read the HotelsMag.com story here.

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