VIDEO – 2014 Trends in Hotel Industry
- May 15, 2014
Robert Mandelbaum, director of Research Information Services, discusses the results of PKF Hospitality Research’s Trends in the Hotel Industry annual report. The results show that U.S. hotels are in a profitability sweet spot and PKF-HR is forecasting double-digit gains in NOI through 2015.
- Third year of double-digit gains/profits for hotels in 2013
- Fewer hotels are able to increase the number of rooms available
- Scarcity of availability of rooms gives managers the leverage to increase room rates
- Vast majority of hotels were able to post increases in both: total revenue and net operating income in 2013