If 2009 was the pit of despair for the hotel industry, 2012 provides more than a ray of hope. Development seems poised to increase, and industry professionals are ready to take advantage of the next wave of momentum...
At least, that seemed to be the generally upbeat mentality at Real Estate Forum’s Hotel Investor Roundtable, which took place during the annual New York University Lodging and Investment conference at the Marriott Marquis in May. The conversation pulled a wide range of perspectives from some of the industry’s top players.
The panelists’ optimism is firmly based in fundamentals. Lodging demand is growing faster than US GDP and room rates are growing faster than CPI. The most recent forecast from PKF Hospitality Research anticipates that RevPAR will increase 4.9% before the year ends.
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