The 2006 edition of the Ernst & Young LLP U.S. Lodging Report offers their assessment of the direction of the U.S. lodging industry, including their thoughts on key lodging industry trends and segment performance, as well as their detailed outlook for major metropolitan markets. Click here for a link to their report.
Here's a short excerpt from that report:
In 2006, it is estimated that higher room rates will continue to drive performance and account for 75% of the total RevPAR growth this year. ADR is anticipated to increase 5.0% in 2006, bringing ADR levels to $95. Occupancy is anticipated to increase by 1.0 percentage point to 64.0%, resulting in an overall RevPAR of $61, which represents year-over-year growth of 6.7% compared with 2005.
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