One of the lodging industry's most prominent forecasters is expected to share room price details at the Americas Lodging Investment Summit conference in Los Angeles. The market can absorb "significant" hikes because strong fundamentals already have been pushing occupancy rates to fresh records in 2015. The projected 5.4 percent rise comes from Mark Woodworth at PKF Hospitality Research. Some cities will climb more than that. Room prices in San Francisco, Oakland, California, and Santa Cruz, California, will rise by up to 10 percent, Woodworth said. Denver is forecast to have a 9.1 percent average room rate increase, and Nashville, Tennessee, could see 8.6 percent. Get the full story at CNBC