A new report by PKF Hospitality Research predicts the hotel industry’s continued improvement in key lodging metrics through 2016. The group projects a 7.2 percent compound annual growth rate in revPAR for the next four years. However, PKF points to continued uncertainties surrounding the “fiscal cliff” that could dampen optimism among hoteliers. Read the TravelPulse story here.
Skanska completes Portsmouth Marine Terminal offshore wind upgrade
Skanska has completed the redevelopment project for the Virginia Port Authority, upgrading 72 acres of Portsmouth Marine Terminal (PMT) and 1,500 feet of wharf that now serves as an offshore wind staging
