CHARLOTTE: Who Needs the Democrats?
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Charlotte's hotel market is on track for a better year than last, PKF Hospitality prez Mark Woodworth tells us (right, with his son, climbing Mount Kilimanjaro). That's saying something, considering that hotel metrics got a serious boost in 2012. According to STR, RevPAR in Charlotte increased 13.4% in 2012, when the city hosted the DNC, he says. Building on that, RevPAR should increase by about 1% in 2013, he adds, and PKF's soon-to-be released updated forecast for the city calls for demand growth of 2.2% over 2012, well above the forecasted 1.7% increase in supply for the year. It's not the only North Carolina market doing well: Asheville saw a 19.4% increase in RevPAR year-over-year.