Forget the fact that the overall economy remains stagnant. Hotel demand is expected to grow 1.8 percent in 2012, boosting occupancy levels to 60.9 percent, the highest since 2007, according to PricewaterhouseCoopers. Rates will increase by 5.1 percent, driving a RevPAR (revenue per available room) increase of 6.5 percent. And 2012 profits are expected to increase 12.7 percent at the U.S. properties participating in PKF Consulting’s latest Trends in the Hotel Industry ...

Register for Complete Access (Valid Email Required)

By registering on MeetingsNet now, you'll not only gain access to Top 10 Meeting Industry News Stories of 2012, you'll get exclusive access to a large archive of premium content.

Already registered? here.