Growth in occupancy income expected to continue in 2008 but may slow down

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By Staff Brunswick Beacon

A research firm is predicting a modest slowdown in the U.S. lodging industry this year—a 4.5 percent gain in revenue per room over the previous year. It is the slowest growth pace in five years.

In a news release, PKF Hospitality Research forecast a .7 percent decline in occupancy levels and a 5.3 percent increase in average daily room rates, resulting in the 4.5 percent gain.

It’s the slowest pace of growth since the industry began recovering from the 2001-2003 industry recession, the news release states.

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