The hotel market will cool in 2008 but remain a seller’s market, according to PKF Hospitality Research, Atlanta. PKF is projecting a 4.5 percent gain in revenue per available room (RevPAR), the slowest pace of growth since 2003. Occupancy levels are expected to decline slightly (-0.7 percent), while average daily room rates (ADR) should increase 5.3 percent. Both of these numbers are down from 2007, PKF says. “Given the cyclical nature of the lodging industry, a slowdown in performance ...

Register for Complete Access (Valid Email Required)

By registering on MeetingsNet now, you'll not only unlock the Hotel Market Will Cool in 2008, you'll also gain access to exclusive premium content.

Already registered? here.