pwc us
Changing Supply-Demand Dynamic Tips the Balance in the US Lodging Sector, According to PwC
PwC US | November 29, 2016
Occupancy levels expected to decline in 2017 after an eight-year run New York, NY, November 29, 2016 – The updated lodging forecast released today by PwC US anticipates occupancy levels will remain flat in 2016, and average daily rate (ADR) will drive a revenue per available room ("RevPAR") increase of 2.9%. Supply growth continues to be slightly below previous estimates (1.6%), according to the report. Looking forward to 2017, acceleration of supply growth - reaching the long-term average of 1.9% - combined with a continued deceleration in demand growth, is expected to result in declining occupancy levels, the first such decline ...
As Current Cycle Matures, Hotel RevPAR Growth Decelerates According to PwC US
PwC US | May 24, 2016
Supply Growth Moves Above Long-Term Average in 2017 New York, NY, May 24, 2016 – Occupancy levels at US hotels have begun to stabilize after reaching peak levels in 2015, according to Hospitality Directions, the lodging forecast released today by PwC US. Coming off the heels of a lackluster performance for the US lodging sector in Q4 2015, average daily rate ("ADR") 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 da...
PwC US Finds Robust Consumer Appetite for New Sharing Economy
PwC US | April 14, 2015
NEW YORK, April 14, 2015 -- Fifty-seven percent of American adults declare that access is the new ownership when it comes to the sharing economy, with four in five consumers agreeing that there are sometimes real advantages to renting versus owning. This is according to a new PwC US Consumer Intelligence Series report and research project, The Sharing Economy, which surveyed 1,000 consumers, held conversations with influencers and business executives, and monitored social media chatter to evaluate the new business model's impact on society and business. PwC spent the past four months examining socio-economic and cultural conditions that...
