PKF hospitality forecast for 2005

RSS
PKF Consulting has come up with a forecast for the hospitality industry for 2005.
    Most U.S. hotel owners, operators, and analysts (our firm included) expect the industry growth experienced in 2004 to continue in 2005. Barring a catastrophic event, the Summer 2004 edition of our Hotel Outlook calls for a 6.8 percent increase in RevPAR in 2005. This is the result of a projected 2.6 percent gain in occupancy and a 4.1 percent increase in ADR.

With expenses rising at a lesser pace than profits, hotels should have a pretty good year, PKF seems to conclude.

To comment on this post, click on "comments" below. To receive a weekly update, e-mail Sue.

Please or Register to post comments.

What's face2face?

An eclectic mix of news about meetings and events, hospitality, and business travel, along with helpful hints and the occasional rant.

Blog Archive

Sponsored Introduction Continue on to (or wait seconds) ×