Mar
29

CoStar: Lodging Sales Surge

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The U.S. lodging industry, benefitting from two years of sporadic recovery, should continue to enjoy gains in occupancy and pricing power through 2014, with rising profits luring greater levels of investment, according to a series of hospitality reports and outlooks released over the last few days.

PKF Hospitality Research, LLC predicted this week that revenue per available room (RevPAR) for U.S. hotels will rise 5.8% in 2012, the result of solid annual gains in occupancy and average daily room rates (ADR).

“Ever since the first quarter of 2010, growth in lodging demand has greatly exceeded the supply increase,” reported R. Mark Woodworth, president of PKF-HR.

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