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Highest hotel occupancy in 20 years expected, but rates going up too
Highest hotel occupancy in 20 years expected, but rates going up too

 U.S. hotels are on pace to report the highest occupancy level in 20 years, an industry study says, as the economy rebounds and travel demand strengthens. The downside -- higher room rates. Hotel occupancy levels will rise to 64.1% in 2014 and 64.8% next year, the highest level since 1995, according to a lodging forecast from PwC, formerly known as Price Waterhouse Coopers. Daily room rates are also expected to rise,  by 4.4% in 2014 and 5.7% next year, the study said. Demand continues to grow among leisure travelers and groups attending conferences and meetings, the PwC report found. "The strengthening of the group segment thus far in 2014 and a strong summer travel...

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