PKF optimistic about hotels despite slowdown

The hotel market will experience slower growth in revenue per available room during the second half of 2012, at 4.9 percent against 6.9 percent during the first half, PKF Hospitality Research predicts, citing concerns over the presidential election and tax-legislation issues as the reasons for the slowdown. However, the company says it maintains a bright outlook for the industry and forecasts that growth will accelerate between 2014 and 2016. Read the Portland Business Journal story here.