U.S. RevPAR outlook remains strong despite lag in economic indicators

PricewaterhouseCoopers has released its regular outlook report for the U.S. lodging industry, where it has been strong in occupancy and RevPAR.

In fact, a higher-than-expected occupancy rate allowed the industry to enjoy healthier RevPARs than the analysts predicted.

The first quarter of 2015 saw a RevPAR increase of 8%, with the analysis showing a 7% increase throughout the rest of 2015 and a stabilization around 6% in 2016.

This stabilization occurs due to a larger-than-average growth in supply of 2.2% in 2016. Occupancy rates in 2015 will reach levels not seen before since 1981 — that’s 65.7%

Here are some of the key stats as the report broke it down.

Click to read report: PWC

Click to read full article (with graphs): Tnooz