Entries Tagged as ‘Lodging Forecast’

January 7, 2010

PKF Revises 2010 Hotel Forecast, Sees Less Severe Rate Decline

PKF Hospitality Research today raised its expectations of U.S. hotel demand and rate performance for 2010, based on a better-than-expected performance in the third quarter of this year. The firm still expects 2010 rates to decline compared with 2009 levels, but it now is forecasting that level of decline to be 1.5 percent. That is [...]