STR, Hendersonville, Tenn., and Tourism Economics, Wayne, Pa., upgraded their 2021 U.S. hotel sector forecast after seeing stronger than expected demand during the first quarter.
Tag: Amanda Hite
STR, TE Again Downgrade Hotel Forecast
STR, Hendersonville, Tenn., and Tourism Economics, Wayne, Pa., once again slightly downgraded their forecast for the U.S. hotel sector.
Full Hotel Recovery Unlikely Until 2024
STR, Hendersonville, Tenn., and Tourism Economics, Wayne, Pa., slightly upgraded their final 2020 U.S. hotel forecast, but called full recovery in revenue per available room “unlikely” until 2024.
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.
Hotel Sector Bouncing Back But Faces Continued Threats
CBRE, Los Angeles, said the hotel sector has seen 10 straight weeks of occupancy gains, but the recent COVID-19 diagnosis increase threatens to “derail” its progress.
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.