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PwC: Hotel Occupancies Starting to Stabilize

NEW YORK CITY—A new report says peak levels were achieved last year.

PWC 2016 RevPAR Growth chart PwC US expects ADR growth to slow down, prompting a modest RevPAR increase next year of 3.7%.

NEW YORK CITY—Occupancy levels at US hotels have begun to stabilize after reaching peak levels in 2015, according to a new lodging forecast by PwC US.

Coming off the heels of a lackluster performance for the US lodging sector in Q4 2015, average daily rate growth in the first quarter was the lowest since Q4 2013. While overall demand conditions in the US are expected to remain positive, driven, in part, by firming group travel, increasing supply growth is expected to contribute to stabilizing occupancy levels. Average daily rates are expected to continue to increase, but at a slower pace than previously expected, impacted, in part, by lower growth in the overall economy.

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Rayna Katz

Rayna Katz

Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.

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