| Atlanta, GA, November 22, 1999 - The Hospitality Research Group
(HRG), the research affiliate of PKF Consulting, released its 1999 edition
of its annual State of the U.S. Hotel Industry report. Each year,
HRG projects the performance of hotels located in major U.S. cities.
The results of the 1999 - 2000 projection were initially released at a
press briefing in September at the Cornell Club of New York. Now,
the full contents of this briefing are available to all interested parties
by purchasing a copy of the State of the U.S. Hotel Industry report.
A summary of significant findings include:
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Occupancy will continue to drop in 1999, but rebound slightly in 2000.
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Average room rate growth remains sluggish.
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Slow revenue growth will lead to a decline in unit-level profits in 1999.
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Profit margins will improve somewhat in 2000.
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The number of properties unable to pay their interest obligations is on
the rise.
The 60-page report contains valuable data for hotel owners, operators,
lenders, and analysts. It is divided into eight sections entitled:
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Topical Essays - Revenues
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Market Projections - Operating Expenses and Labor Costs
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Occupancy - Operating Profits and Margins
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Average Daily Room Rates - Interest Payment Analysis
The Hospitality Research Group is the research affiliate of PKF Consulting,
an international consulting and real estate firm specializing in the hospitality
industry. The HRG, along with PKF Consulting and hotel brokerage
affiliate Hospitality Asset Advisors Incorporated are all wholly owned
subsidiaries of Hospitality Asset Advisors International, a U.S. Corporation.
HAA International has offices in New York, Boston, Philadelphia, Washington
DC, Atlanta, Houston, Dallas, Los Angeles, San Francisco, and Singapore.
 To
order a copy of this $150 report, please contact Ms. Anna-Marie Robinson
at (404) 842-1150, ext. 224. |
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