News for the Hospitality Executive |
PKF Hospitality Research Issues Preliminary
U.S. Lodging Forecast
Demand
Growth and ADR Have Exceeded Expectations, Moody's Outlook for
Nations's
Economy
in Second Half of 2011 is Further Deterioration
Atlanta, GA - August 18, 2011 - PKF
Hospitality Research (PKF-HR) Hotel
Horizons® forecasts are based on historical lodging data
from Smith Travel Research (STR) and economic forecasts from Moody’s
Analytics (Moody’s). Each quarter, as we receive new data from STR and
Moody’s, we update our lodging forecasts. We recently received Moody’s
July economic forecast, as well as year-to-date hotel performance data
from STR for the first half of 2011.
After reviewing the new data from STR and Moody’s, we have made the following observations:
The September 2011 Hotel Horizons® forecasts for the six national chain-scales, six property location types, and 50 major cities are scheduled to be published shortly. Please check the PKF-HR webstore at www.pkfc.com/store for the availability of our updated forecast reports. About PKF CONSULTING USA Headquartered in San Francisco, PKF Consulting USA (www.pkfc.com) is an advisory and real estate firm specializing in the hospitality industry. PKF Consulting USA is owned by FirstService Corporation and is a subsidiary of Colliers International. The firm operates two companies: PKF Consulting USA and PKF Hospitality Research. The firm has offices in New York, Boston, Portland, Indianapolis, Chicago, Philadelphia, Washington DC, Atlanta, Asheville, Jacksonville, Orlando, Tampa, Houston, Dallas, Los Angeles, Bozeman, and San Francisco. |
Contact: Robert Mandelbaum Director of Research Information Services Colliers PKF Hospitality Research 3475 Lenox Road Suite 720 Atlanta, GA 30326 404-842-1150, ext 223 (Direct) 404-842-1165 (Fax) [email protected] www.pkfc.com
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