New PKF Hospitality Research Forecast

The forecasting arm of PKF Capital, PKF Hospitality Research, has come out with their December 2009 - February 2010 National Horizon report. The highlights are this:

*For 2010, PKF HR is projecting the pace of supply to slow down to 1.5%
*Hotel demand is forecast to increase to 1.9 resulting in a 0.4 percent rise in Occ.
*The net result is a 2010 forecast decline in RevPar of just 1.1%. RevPar will not increase until 2011 when the surge of supply has tapered off.

PKF HR does follow the top 50 markets in the US. If you would like to learn more about your market and what the projections are, please call me at 916-830-2622.

Dan Hayward
PKF Capital
Senior Managing Director
Sacramento Office