The U.S. hotel industry is in for all-time record levels of occupancy through 2017—if PKF Hospitality Research’s forecast plays out. For 2015, the research firm is predicting increases in demand (+2.6%), occupancy (+1.3%), average daily rate (+5.7%) and revenue per available room (+7.1%), among other metrics. Supply is also set to increase by 1.2%.
5 Things to Know: 5 December 2014
December 9, 2014