face2face

PKF hospitality forecast for 2005

PKF Consulting has come up with a forecast for the hospitality industry for 2005.

    Most U.S. hotel owners, operators, and analysts (our firm included) expect the industry growth experienced in 2004 to continue in 2005. Barring a catastrophic event, the Summer 2004 edition of our Hotel Outlook calls for a 6.8 percent increase in RevPAR in 2005. This is the result of a projected 2.6 percent gain in occupancy and a 4.1 percent increase in ADR.

With expenses rising at a lesser pace than profits, hotels should have a pretty good year, PKF seems to conclude.

To comment on this post, click on "comments" below. To receive a weekly update, e-mail Sue.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish