PwC US predicts hotel occupancy will reach 64.8% in 2015

PwC US has revised its forecast for U.S. hotel occupancy rate in 2015 to 64.8 percent — the highest level for the metric since 1995. The group is projecting a 6.9 percent increase in revenue per available room — down from 7.6 percent in 2014 — as average daily rate is expected to reach a record growth of 5.7 percent. Demand for lower-priced hotels is expected to increase next year amid continued supply growth in the higher-tier segments, PwC said. Read the Skift story here