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Prices do reflect RevPAR. In the previous issue (2014Q1), we had revisited the year-over-year change in RevPAR relative to our Repeat Sale Index. Since we showed that the year-overyear change in RevPAR is a leading indicator of price fluctuations in hotel properties, we expected prices to reflect the positive momentum in the second quarter. The second quarter has come and gone, and we are happy to report that prices have increased as predicted.


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Supplemental File:
Hotel Valuation Model (HOTVAL)
We provide this user friendly hotel valuation model in an excel spreadsheet entitled HOTVAL Toolkit as a complement to this report which is available for download from

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