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PwC: Global Economic Growth in 2018 on Track to Be Fastest Since 2011
January 16, 2018
The main engines of the global economy - the US, emerging Asia and the Eurozone - are expected to contribute almost 70% of economic growth in 2018 compared to...
PwC’s Manahattan Lodging Index Q3 2017
November 28, 2017
Continuing declines in room rates outweighed improving occupancy levels in Manhattan hotels during the third quarter, extending a pattern established last...
PwC’s Hospitality Directions Forecast
August 31, 2017
As uncertainty weighs on the economy, softening lodging industry growth expected to continue
Following a weak first quarter, the US economy strengthened in...
Africa’s Hospitality Sector Withstands Economic Headwinds
June 30, 2017
PwC’s 7th edition of the ‘Hotels Outlook: 2017-2021’ projects that South African hotel room revenue will grow by 10.1% in 2017 to R17.5...
Lodging Demand Increases Amidst Increased Consumer Confidence, According to PwC
May 22, 2017
Consumer spending will be key driver of economic growth into 2018
New York, NY, May 22, 2017 – Encouraged by the prospect of a strengthening economy, US...
The Five Megatrends That Will Impact the Middle East’s Travel and Tourism Industry: PwC Report
April 26, 2017
PwC issues report: "Global Megatrends and their impact on the Middle East's travel and tourism industry"
Emerging markets will...
Post-Election Surge in Consumer and Business Sentiment Suggests Momentum for 2017, According to PwC
January 24, 2017
Declines in occupancy more than offset by average daily rate growth
New York, NY, January 24, 2017 – The updated lodging forecast released today by PwC...
South Africa’s Hotel and Tourism Sector Set for Steady Growth as Visitor Numbers Continue to Grow
July 28, 2016
The new visa regulations had a sharp impact on the South African tourism industry
JOHANNESBURG, South Africa, July 28, 2016 -- South Africa’s hotel...
Hotel Loyalty - What’s Driving Customer Loyalty for Today’s Hotel Brands? A PwC Report
March 16, 2016
What do travelers find to be the most compelling aspect of hotel loyalty programs? Are the loyalty behaviors of Millennial travelers unique to this age group?...
In 2016, Average Daily Rate Reluctantly Takes the Driver’s Seat According to Updated Lodging Forecast
February 4, 2016
NEW YORK, February 4, 2016 – An updated lodging forecast released today by PwC US expects revenue per available room (“RevPAR”) growth in...
Average Daily Rate Growth Continues to Lag Expectations, Despite Peak Occupancy Levels, says PwC US
November 11, 2015
NEW YORK, November 11, 2015 – An updated lodging forecast released today by PwC US expects revenue per available room (“RevPAR”) growth in...
Room for Growth: European Cities Hotel Forecast for 2015 and 2016 by PwC
November 3, 2015
2014 was a good year for hoteliers. Europe attracted 22 million more international tourists than it did in 2013. All but two of the markets we look at saw...
Average Daily Rate Growth Expected to Drive US Lodging Performance in Remainder of 2015 and in 2016
August 31, 2015
NEW YORK, Aug. 31, 2015 -- An updated lodging forecast released today by PwC US expects average daily rate ("ADR") to drive revenue per available room...
Spa Industry Surpasses $15 Billion Mark
August 26, 2015
LEXINGTON, KY-- August 25, 2015 -- The International SPA Association (ISPA) released its annual findings of spa industry financial indicators, reporting the...
Hotel Occupancy Continues to Surprise in 2015 According to PwC US
May 20, 2015
NEW YORK, May 20, 2015 -- An updated lodging forecast released today by PwC US expects another year of solid revenue per available room ("RevPAR")...
PwC’s 5th Edition of the ‘Hospitality Outlook: 2015-2019’: South Africa, Nigeria, Mauritius & Kenya
May 14, 2015
JOHANNESBURG, South-Africa, May 14, 2015 -- South Africa’s hospitality industry is prepared to grow further in the next five years, with most growth in the...
Further Growth Expected in Africa’s Hospitality Sector in the Next 5 Years, According to PwC Report
June 23, 2014
JOHANNESBURG, South-Africa, June 23, 2014 -- Despite South Africa's economy facing headwinds, the hospitality sector is poised for further growth in the next...
U.S. Lodging Sector Performance Remains Favorable Despite Sluggish Economic Growth, Says PwC US
August 27, 2013
NEW YORK, Aug. 27, 2013 -- PwC US anticipates that positive momentum in travel activity will continue to boost revenue per available room ("RevPAR") in 2013,...