U.S. hoteliers forecast strong hotel performance in 2013

01/23/2013 | CNBC

Ninety-eight percent of attendees at the Americas Lodging Investment Summit in Los Angeles this week say they expect revenue per available room to remain strong in 2013. "Growing demand in the face of very limited new supply sets the stage for very attractive room-rate increases and therefore profit growth," said R. Mark Woodworth, president of PKF Hospitality Research. Hoteliers say they expect the weak supply growth to result in four more years of strong performance.

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