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 survey. 
 

An article from our October issue