U.S. hotel profit growth returns in 2010
August 25, 2010 |
Based on the strong surge in lodging demand that occurred during the first half of 2010, Colliers PKF Hospitality Research now forecasts that the average U.S. hotel will achieve a 2.3 percent increase in net operating income during 2010. This follows a 37.8 percent cumulative decline in profits experienced from 2007 through 2009.
Based on the strong surge in lodging demand that occurred during the first half of 2010, Colliers PKF Hospitality Research (PKF-HR) now forecasts that the average U.S. hotel will achieve a 2.3 percent increase in net operating income (NOI) during 2010. This follows a 37.8 percent cumulative decline in profits experienced from 2007 through 2009, and is the first annual uptick in forecasted NOI since 2007.
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