Aug
20

Savannah Lodging Market Gets Positive Forecast

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Savannah-area hotels will continue to see strong growth this year and next thanks to overall improvement in the economy, according to the Georgia Hotel and Lodging Association’s annual forecast. Mark Woodworth, president of Atlanta consulting firm PKF Hospitality Research, presented data on local and national industry trends Tuesday to several dozen hotel professionals at the Embassy Suites downtown.

Occupancy rates for all hotels in Savannah should end the year at 69.1 percent, said Woodworth, up from 66.9 percent last year. He said modest growth is also expected in 2015 at 69.8 percent occupancy.

“The industry has never looked better than it has today,” Woodworth said.

He said looking nationally, by 2015, the lodging industry should see its sixth consecutive year of increasing occupancy, the longest such streak since 1988, as well as its highest level of occupancy since 1995, at 64.6 percent.

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Categories : Savannah

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