Mar
21

PKF: Lodging Market Strengthens

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Healthy real estate fundamentals in the U.S. lodging industry are setting the stage for increased capital investment and double-digit gains in profits for hotel owners during the next few years, say researchers.

A challenging lending climate for developers also is helping to ensure that supply is held in check. The positive outlook is one of the storylines to emerge from Monday’s opening day of the 24th annual Hunter Hotel Investment Conference at the Marriott Marquis in downtown Atlanta.

U.S. hotels rented more guest rooms in 2011 than ever before, according to Hendersonville, Tenn.-based Smith Travel Research. Meanwhile, PKF Hospitality Research observed new records in metro-level lodging demand in 30 of the top 50 markets it tracks.

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