PricewaterhouseCoopers has released its regular outlook report for the U.S. lodging industry, where it has been strong in occupancy and RevPAR.
In fact, a higher-than-expected occupancy rate allowed the industry to enjoy healthier RevPARs than the analysts predicted.
The first quarter of 2015 saw a RevPAR increase of 8%, with the analysis showing a 7% increase throughout the rest of 2015 and a stabilization around 6% in 2016. This stabilization occurs due to a larger-than-average growth in supply of 2.2% in 2016.
Occupancy rates in 2015 will reach levels not seen before since 1981 — that's 65.7%
Here are some of the key stats as the report broke it down:
To download the report in full, including a sector-by-sector breakdown, click here.
NB: Hotel image courtesy Flickr user Kevin Dooley.