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.
Tag: Barbara Byrne Denham
Signs of Retail Sector Distress Grow
The retail market is starting to see distress as the pandemic enters its ninth month, said Moody’s Analytics REIS, New York.
Moody’s Analytics Forecasts 11% Drop in Retail Rents This Year
Pressured by rising e-commerce even before the COVID-19 crisis and now burdened with wide-scale store closures, retail rents could drop 11 percent in 2020, said Moody’s Analytics, New York.