PwC Hospitality Directions US: May 2018

/PwC Hospitality Directions US: May 2018

PwC Hospitality Directions US: May 2018

|2018-05-29T14:15:27-04:00May 29th, 2018|

Following a better than expected first quarter, lodging metrics continue to remain positive.

  • First quarter results yielded stronger than expected increases in demand for many hotel companies, as well as slightly stronger rate growth, driven primarily by an increase in commercial transient travelers.
  • Year-over-year for the first quarter, RevPAR increased across the transient segment nationally, led by rate growth. As hotels continue to feel the pressure from rising wages, insurance costs and other expenses, the components of RevPAR growth become more important.
  • With occupancy levels at record levels, an expected uptick in commercial transient demand midweek should bode well for stronger increases in room rates.
  • Looking ahead to 2019, there is an expectation of gradual strengthening in rate growth as we move through the year.

Click here to view the report.

About PwC US

PwC US helps organizations and individuals create the value they're looking for. We're a member of the PwC network of firms in 157 countries with more than 195,000 people. We're committed to delivering quality in assurance, tax and advisory services. Tell us what matters to you and find out more by visiting us at www.pwc.com/US. PwC refers to the US member firm, and may sometimes refer to the PwC network. Each member firm is a separate legal entity. Please see www.pwc.com/structure for further details.

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