Hospitality
 
Hotels…Brace for Slower Growth
 
After a record-setting performance in 2015, indicators of hotel business growth now are mixed and may point to a slowdown. That was the assessment of a recent lodging forecast published by PwC U.S, excerpts of which appeared in an online edition of Hospitality Directions. Scott Berman, principal for PwC U.S., said the industry’s still expanding. 
 
For example, hotel occupancy has risen from 62.3% in 2013 to 65% in Q1 ’16. 
 
However, revPar (revenue per available room) is projected to drop from 6.2% last ...