Hospitality Trends - PricewaterhouseCoopers News

PricewaterhouseCoopers Revised Forecast Reflects Improving Economic Conditions - More

PricewaterhouseCoopers LLP (PwC) announced a revised lodging forecast that illustrates the effects of the sharp deceleration of the U.S. economy on the U.S. lodging industry. - More

Services industries in the UK, from banks to hotels, shrank by a record amount in September 2008. The Chartered Institute of Purchasing and Supply's (CIPS) services index which measures overall activity for the industry, was down from 49.2 in August to 46 in September. CIPS has commented that hotels and restaurants were among those areas worst h... - More

After five years of unbroken revenue growth, September ushered in a period of volatile trading for the sector. The deteriorating economic environment and travel outlook marks a change of fortune for UK hotels with buyers, not sellers, of hotel rooms very much in the driving seat again. In a classic boom and bust sector, it's happening again. - More

Pubs & bars, restaurants and most recently hotels are experiencing very difficult trading conditions as the industry reels from a 95 per cent increase in insolvent hospitality and leisure (H&L) companies in under two years. - More

Leading real estate experts are predicting the US commercial real estate market will slow in 2008 and follow a similar pattern as the current residential market. However, according to the annual Emerging Trends in Real Estate(R) 2008 report, released by PricewaterhouseCoopers (PwC) and the Urban Land Institute (ULI), their Canadian counterparts ... - More

PricewaterhouseCoopers' revised forecast reflects small changes in the U.S. lodging industry's growth, including supply, occupancy, ADR and RevPAR, compared to PwC's August 2007 forecast. - More

Forecast of 3.12 Million Occupied Rooms Per Night Represents an Increase of 2.5 Percent Over 2006 - More

PricewaterhouseCoopers forecasts that U.S. lodging industry average daily rate (ADR) increases will decelerate in 2007 as room supply additions accelerate, demand becomes constrained by the less robust U.S. economy and consumers respond to the cumulative rate increases. - More

According to PricewaterhouseCoopers, increases in gasoline prices will negatively impact U.S. lodging demand between Memorial Day and Labor Day in 2007 by an average of 4,000 rooms per night assuming gasoline prices had remained at 2006 levels, or 25,000 rooms per night assuming gasoline prices had remained at 2005 levels. - More