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Tag : pwc

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Manhattan Lodging Index - Fourth Quarter 2017

February 27, 2018

After ten quarters of continuous RevPAR declines, performance finally turned around in the fourth quarter of 2017. RevPAR increased 1.4 percent, driven...

PwC’s Lodging Outlook for U.S.: Hospitality Directions for 2018

January 23, 2018

Compelling economic and industry fundamentals suggest continued momentum for 2018 Less than a month into 2018, the eight-year growth cycle in the lodging...

PwC: Global Economic Growth in 2018 on Track to Be Fastest Since 2011

January 16, 2018

The main engines of the global economy - the US, emerging Asia and the Eurozone - are expected to contribute almost 70% of economic growth in 2018 compared to...

PwC’s Manahattan Lodging Index Q3 2017

November 28, 2017

Continuing declines in room rates outweighed improving occupancy levels in Manhattan hotels during the third quarter, extending a pattern established last...

PwC’s Hospitality Directions Forecast

August 31, 2017

As uncertainty weighs on the economy, softening lodging industry growth expected to continue Following a weak first quarter, the US economy strengthened in...

Africa’s Hospitality Sector Withstands Economic Headwinds

June 30, 2017

PwC’s 7th edition of the ‘Hotels Outlook: 2017-2021’ projects that South African hotel room revenue will grow by 10.1% in 2017 to R17.5...

Lodging Demand Increases Amidst Increased Consumer Confidence, According to PwC

May 22, 2017

Consumer spending will be key driver of economic growth into 2018 New York, NY, May 22, 2017 – Encouraged by the prospect of a strengthening economy, US...

The Five Megatrends That Will Impact the Middle East’s Travel and Tourism Industry: PwC Report

April 26, 2017

PwC issues report: "Global Megatrends and their impact on the Middle East's travel and tourism industry"   Emerging markets will...

Post-Election Surge in Consumer and Business Sentiment Suggests Momentum for 2017, According to PwC

January 24, 2017

Declines in occupancy more than offset by average daily rate growth New York, NY, January 24, 2017 – The updated lodging forecast released today by PwC...

South Africa’s Hotel and Tourism Sector Set for Steady Growth as Visitor Numbers Continue to Grow

July 28, 2016

The new visa regulations had a sharp impact on the South African tourism industry JOHANNESBURG, South Africa, July 28, 2016 -- South Africa’s hotel...

Hotel Loyalty - What’s Driving Customer Loyalty for Today’s Hotel Brands? A PwC Report

March 16, 2016

What do travelers find to be the most compelling aspect of hotel loyalty programs? Are the loyalty behaviors of Millennial travelers unique to this age group?...

In 2016, Average Daily Rate Reluctantly Takes the Driver’s Seat According to Updated Lodging Forecast

February 4, 2016

NEW YORK, February 4, 2016 – An updated lodging forecast released today by PwC US expects revenue per available room (“RevPAR”) growth in...

Average Daily Rate Growth Continues to Lag Expectations, Despite Peak Occupancy Levels, says PwC US

November 11, 2015

NEW YORK, November 11, 2015 – An updated lodging forecast released today by PwC US expects revenue per available room (“RevPAR”) growth in...

Room for Growth: European Cities Hotel Forecast for 2015 and 2016 by PwC

November 3, 2015

2014 was a good year for hoteliers. Europe attracted 22 million more international tourists than it did in 2013. All but two of the markets we look at saw...

Average Daily Rate Growth Expected to Drive US Lodging Performance in Remainder of 2015 and in 2016

August 31, 2015

NEW YORK, Aug. 31, 2015 -- An updated lodging forecast released today by PwC US expects average daily rate ("ADR") to drive revenue per available room...

Spa Industry Surpasses $15 Billion Mark

August 26, 2015

LEXINGTON, KY-- August 25, 2015 -- The International SPA Association (ISPA) released its annual findings of spa industry financial indicators, reporting the...

Hotel Occupancy Continues to Surprise in 2015 According to PwC US

May 20, 2015

NEW YORK, May 20, 2015 -- An updated lodging forecast released today by PwC US expects another year of solid revenue per available room ("RevPAR")...

PwC’s 5th Edition of the ‘Hospitality Outlook: 2015-2019’: South Africa, Nigeria, Mauritius & Kenya

May 14, 2015

JOHANNESBURG, South-Africa, May 14, 2015 -- South Africa’s hospitality industry is prepared to grow further in the next five years, with most growth in the...

Further Growth Expected in Africa’s Hospitality Sector in the Next 5 Years, According to PwC Report

June 23, 2014

JOHANNESBURG, South-Africa, June 23, 2014 -- Despite South Africa's economy facing headwinds, the hospitality sector is poised for further growth in the next...

U.S. Lodging Sector Performance Remains Favorable Despite Sluggish Economic Growth, Says PwC US

August 27, 2013

NEW YORK, Aug. 27, 2013 -- PwC US anticipates that positive momentum in travel activity will continue to boost revenue per available room ("RevPAR") in 2013,...

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