PwC U.S. Report: Hotel Occupancy Stabilizing, RevPAR Growth Decelerates

NEW YORK—Occupancy levels at U.S. hotels have begun to stabilize after reaching peak levels in 2015, according to Hospitality Directions, the lodging forecast recently released by PwC U.S.

On the heels of a lackluster performance for the U.S. lodging sector in Q4 2015, average daily rate (ADR) growth in the first quarter was the lowest since Q4 2013, the report indicated. While overall demand conditions in the U.S. are expected to remain positive, driven, in part, by firming group travel, increasing supply growth is expected to contribute to stabilizing occupancy levels.

Report by Phocuswright.

The above is an extract of the original article available at: Hotelbusiness.com

 

 

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About RezNext

RezNext is the world’s only true Real-Time Distribution Management Solution provider. It empowers hotels to adopt a distribution strategy that simplifies the complex global distribution environment and makes it understandable and manageable. It is integrated with revenue management, operating intelligence and powered with reputation management insights. RezNext’s portfolio of offerings include Rate & Channel Manager, Revenue Management, Online Reputation Management, Website Designing and Web Booking Engine, Mobile solutions, Central Reservation System, Business Intelligence, Property Management System (PMS) two-way connect, GDS and OTA Interface and Loyalty & Feedback Management. Our growing range of solutions can be access by hospitality properties across market segment and size, such as independent hotels, chain hotels, business hotels, resorts, clubs, service and limited service apartments, spas, restaurants and others.
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