National Report – A recent Hospitality Asset Managers Association’s survey found that 52 percent of respondents believe RevPAR growth will be between 4 and 6 percent next year. An additional 39 percent of respondents said they believe RevPAR growth will be between 6 and 8 percent. The survey included 114 responses from hospitality asset managers.
Nearly half (49.1 percent) of the respondents said RevPAR growth will be driven 80 percent by ADR in 2014. Three quarters believe the lodging industry is in the middle of the current real estate cycle, and 70 percent believe the 2016 presidential election cycle will not spawn a business slowdown. Other findings include the belief that free guestroom Wi-Fi will be the norm within two years. The majority (86.8 percent) believe hotels will find alternative ways to operate room service, and 65.8 percent said mobile check-in will be common in hotels within three years.