U.S. Lodging Demand Increases Amidst Increased Consumer Confidence, According to PwC

May 22, 2017 | Bad Credit Loans, Bank Lending, Business Lending, Business Loans, Finance

Encouraged by the prospect of a strengthening economy, US lodging performance continued to improve in the first quarter of 2017 according to the updated lodging forecast released today by PwC US. Despite a weak first quarter GDP growth estimate of 0.7 percent, lodging demand increased at the strongest quarterly rate since the first quarter of 2015, supporting modest growth in both occupancy and average daily rate (ADR). Overall, revenue per available room (“RevPAR”) increased 3.4 percent.