Positive Results for Canadian Hotel Industry Week Ending 23 August 2014
The Canadian hotel industry reported increases in the three key performance metrics during the week of 17-23 August 2014, according to data from STR.
An updated lodging forecast released today by PwC US anticipates stronger occupancy gains in 2014, setting the stage for 2015, during which PwC US anticipates the highest occupancy levels in 20 years.
PKF Hospitality Research, LLC (PKF-HR) is projecting that RevPAR levels will reach pre-recession levels for all six national chain-scale segments. This indicates that the industry is beyond the recovery stage and well into a period of prosperity.