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PKF U.S. Hotel Forecast: Overbuilding Not a Concern (Yet)

PKF U.S. Hotel Forecast: Overbuilding Not a Concern (Yet)

ATLANTA, Ga.—According to the March 2014 edition of PKF Hospitality Research LLC’s (PKF-HR) Hotel Horizons forecast report, the U.S. hotel occupancy rate will finally recover to pre-recession levels in 2014. Given this lofty level of performance, many industry participants are ...

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TravelClick: Hotels Positioned For Growth in 2014

TravelClick: Hotels Positioned For Growth in 2014

NEW YORK—Hotels are poised to see healthy growth in 2014, according to data from the February 2014 TravelClick North American Hospitality Review (NAHR). Both the transient (individual business and leisure travelers) as well as the group segment are seeing gains ...

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Philadelphia Hotel Market is Buzzing With Activity

Philadelphia Hotel Market is Buzzing With Activity

Could the City of Brotherly Love the next hot hotel market? Philadelphia might be known for its arts and entertainment, restaurants, history, and passionate sports fans, but now it’s also being recognized for its bustling hotel activity, with red-hot openings ...

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Los Angeles Hotels Broke Records in 2013

Los Angeles Hotels Broke Records in 2013

LOS ANGELES—Los Angeles Mayor Eric Garcetti and Los Angeles Tourism and Convention Board (LA Tourism) President and CEO Ernest Wooden Jr. announced that Los Angeles welcomed a record 42.2 million visitors in 2013, a 2 percent increase over 2012’s 41.4 ...

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San Francisco Hotels Make Big Economic Impact

San Francisco Hotels Make Big Economic Impact

The hospitality and tourism industry is a vital part of the U.S. economy. In 2012, it supported nearly 7.7 million jobs and generated $855.4 billion in travel spending. And hotels remain a large part of the equation by contributing to ...

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