by Michael J. Shapiro | June 05, 2013

 PwC US released an updated lodging forecast this week, based on first-quarter performance and updated macroeconomic data. The lodging analysts are predicting continued, steady growth, consistent with their previous projections. The latest forecast calls for year-over-year occupancy growth of just 0.8 percent for 2013, but the resulting 62.2 percent occupancy would be the highest since 2007. The hotels in higher-priced segments are hitting levels above the previous peaks, according to PwC. The forecast also calls for a solid 4.4 percent increase in average daily rate, and a 5.9 percent growth in revenue per available room for the year. "Recent performance of the lodging sector has exceeded industry expectations," said principal Scott D. Berman, "even as fiscal challenges encourage near-term caution." For 2014, PwC is projecting an occupancy of 62.9 percent, with a 5.1 percent year-over-year increase in ADR and 6.2 percent RevPAR growth.