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Article - Jeremy R. Gilston Named Vice President for RM Woodworth & Associates - A graduate of the Cornell University School of Hotel Administration, Gilston started his career in hospitality advisory work at LW Hospitality Advisors based in New York City.
ATLANTA – PKF Hospitality Research (PKF-HR) today announced that, according to the March 2010 edition of Hotel Horizons®, U.S. hotels should enjoy double-digit revenue growth by 2012.
ATLANTA – PKF Hospitality Research (PKF-HR) today announced that, according to the March 2010 edition of Hotel Horizons®, U.S. hotels should enjoy double-digit revenue growth by 2012.
PKF-HR is forecasting hotel rooms revenue to grow 10.5 percent on a per-available-room basis (RevPAR) in 2012. “The U.S. lodging industry has not seen double-digit growth in RevPAR since the inflationary days of the late 1970s and early 1980s,” said R. Mark Woodworth, president of PKF Hospitality Research. “The strong growth in RevPAR is driven by Moody’s Economy.com’s forecasts for income and employment. In 2012, Moody’s is projecting income to grow at a 4.4 percent pace, something we have not seen since 2006. In addition, the 3.2 percent forecast growth for employment that year is an all-time high sin
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