By the numbers

INCOME

Net operating income up

According to a report by PKF Hospitality research, net operating income in the hotel industry rose 10.1 percent in 2013.

SUPPLY

Below the average

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Hotel supply is forecasted to remain below the historical average of 1.9 percent until 2017, when it will rise 2.1 percent.

HOLDING

Average holding period rising

The average holding period for hotel assets increased by approximately six months, or .45 percent to 6.75 percent in 2014.

CAP RATES

Cap rates fall

Overall capitalization rates for hotels fell to 8.27 percent in 2014, the lowest recorded cap rate since the inception of the survey.

Source: PKF Consulting Hospitality Investment Survey