by Michael J. Shapiro | December 16, 2009

The pace of recovery of the U.S. lodging industry has accelerated from previous expectations, according to the December 2009 edition of Hotel Horizons from PKF Hospitality Research. Due to better-than-expected performance of revenue per available room, occupancy and demand this quarter, the report suggests that losses in 2009 and 2010 will not be quite as severe as originally anticipated. As such, PKF is now forecasting slight year-over-year increases in 2010 for demand (1.9 percent) and occupancy (0.4 percent). The firm is forecasting an increase in RevPAR for 28 of the 50 markets it covers in the first half of 2010, and a second-half recovery for 16 additional markets. The remaining six markets are expected to post RevPAR increases in 2011.