us lodging
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...
Fitch Ratings: Softer Transient US Lodging Demand Subdues Confidence
Fitch Ratings | November 10, 2015
Fitch Ratings-New York-10 November 2015: The U.S. lodging upcycle remains solidly intact notwithstanding the litany of concerns that have overtaken investor sentiment this year, according to Fitch Ratings. Falling stock prices (since January), selected guidance cuts (late summer), weak August industry RevPAR data, and now additional guidance cuts and disappointing commentary around October transient demand during 3Q15 earnings season have all contributed to investors' worries, with some factors transpiring alongside weakness in select key macroeconomic indicators during 3Q15. However, several factors point to continued, solid lodgin...
According to Fitch Ratings, Low Levels of New Supply Bolster US Lodging Sector
Fitch Ratings | September 15, 2015
Fitch Ratings-Chicago-15 September 2015: Fundamentals across the US lodging sector remain unusually strong in the context of a cycle that turned 59 in July, based on consecutive months of positive TTM RevPAR, according to Fitch Ratings. TTM RevPAR was up 8% at the end of July -- a growth rate that is roughly 200 bps-300 bps stronger than the prior two cycles at the 59-month mark. RevPAR growth is broad based across price tiers and geographies, supply growth remains muted and capital is widely available. Fitch's 7% US RevPAR forecast for 2015 implies some deceleration, largely due to tougher year-over-year comparisons through the balance...
