Skift Take
While the market's booming now, it is likely to stabilize for rest of the year and next year.
The U.S. hotel industry is expected to see modest gains for year-end 2012 and in 2013, according to updated U.S. forecast released by STR.
2012: Industry is expected to record a 2.1-percent increase in occupancy to 61.2 percent, an average-daily-rate gain of 4.4 percent to $106.15 and a revenue-per-available-room increase of 6.5 percent to $65.01. Supply and demand are expected to end the year with increases of 0.5 percent and 2.6 percent, respectively.
2013: STR predicts occupancy to be virtually flat with a 0.3-percent increase to 61.4 percent, ADR to rise 4.6 percent to US$111.01 and RevPAR to grow 4.9 percent to $68.17. Supply and demand are forecast to end 2013 with increases of 0.9 percent and 1.2 percent, respectively.
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