revPAR projected to be up 7.2% through 2016

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.