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PKF: Good Times Ahead for Lodging Industry

PKF: Good Times Ahead for Lodging Industry

ATLANTA, Ga.—PKF Consulting USA (PKFC) today released the results of its annual Hospitality Investment Survey, which revealed that hospitality investment indices continue to operate at optimal performance levels. According to the survey results, hotel profits are up, debt is more ...

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Recovery Accelerates with Strong Growth in Group Demand

Recovery Accelerates with Strong Growth in Group Demand

NEW YORK—An updated lodging forecast released by PwC US anticipates lodging recovery will enter a new phase, with continued strengthening in group demand and rebounding economic momentum supporting a solid 6.5 percent RevPAR growth in 2014. Despite a weak first ...

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Hotels Continue to Invest in People and Technology

Hotels Continue to Invest in People and Technology

The introduction of technology has influenced the duties of on-site hotel sales personnel over the years. The Internet, sophisticated revenue management programs, and social media provide marketing professionals with an array of new tools. Investment in technology is often justified ...

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Leisure Travel Leads the Charge in Booking and Rates

Leisure Travel Leads the Charge in Booking and Rates

NEW YORK—The hotel industry saw a healthy start to the year and is continuing to show gains in both demand and average daily rate (ADR), according to data from the April 2014 TravelClick North American Hospitality Review (NAHR). The transient ...

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