The U.S. hotel construction pipeline dipped during the third quarter but remains “robust,” said Lodging Econometrics, Portsmouth, N.H.
Tag: Hotel Sector
CBRE: Hotel Recovery Could Start Soon
After facing the lowest occupancy levels since the 1930s and huge revenue and profit declines in the second quarter, the hotel sector could begin a multi-year recovery soon, said CBRE, Los Angeles.
Analysts Downgrade Hotel Outlook
Full recovery in U.S. hotel demand and room revenue remains unlikely until 2023 and 2024, respectively, said STR, Hendersonville, Tenn., and Tourism Economics, Wayne, Pa. The firms slightly downgraded their hotel outlook report.
Analysts Downgrade Hotel Forecast Again
STR and Tourism Economics once again updated their hotel sector forecast. They now expect a 57.5 percent revenue per available room decline this year and a 48 percent RevPAR increase next year.
Coronavirus Hits Hotel Sector Hard
The COVID-19 pandemic hit the hotel sector exceptionally hard, leading to some creative financing and investment opportunities, said Cushman & Wakefield, Chicago.