Favorable Forecast Accuracy - Year-End Assessment
We recently revisited our 2015 forecasts for US lodging industry performance to assess accuracy relative to actual results. The results were favorable. At the start of 2015, STR and Tourism Economics (STR/TE) released a joint forecast that anticipated RevPAR growth would slow from greater than 8% in 2014 to 6.4% in 2015. Actual 2015 RevPAR growth was 6.3%, just 10 basis points lower than forecast. Read more.