Fitch Ratings, New York, said the global spread of the Omicron variant and new travel restrictions weaken the recovery prospects for hotel revenue per available room.
Tag: Hotel Sector
Hotel Performance Improving, But COVID-Variant Threat Persists
CBRE, Dallas, said average daily rate gains and a 35 percent year-over-year occupancy increase showed demand for U.S. hotels endured in Q3 despite the Delta variant.
Analysts Lift 2021 Hotel Forecast, Lessen 2022 Growth Projections
STR, Hendersonville, Tenn., and Tourism Economics, Wayne, Pa., upgraded their U.S. hotel sector forecast for 2021 but lowered their growth projections for 2022.
Hotel Recovery Hits Plateau
The hotel sector’s recovery continues, though it has “plateaued” for the moment, analysts with STR and Trepp LLC reported.
Hotel Debt Markets Improving
The hospitality debt market is showing a resurgence as the lodging industry continues to recover, said JLL, Chicago.
Hotel Profitability Improves Slightly
U.S. hotel gross operating profit per available room improved slightly from prior months in January, but remains in the low single digits, reported STR, Hendersonville, Tenn.
Hotels Lenders, Investors Express Growing Optimism
After a difficult 2020 for the hotel sector, some hospitality lenders and investors are expressing optimism about 2021.
CRE & Lodging Landscapes Post-COVID: Conversation with JLL’s Ryan Severino, Michael Huth
MBA’s Andrew Foster recently spoke with Ryan Severino and Michael Huth of JLL on the outlook for commercial real estate and in particular, the hotel/lodging sector in a post-coronavirus environment.
Hotel Sector Recovery Slows
The hotel sector recovery has slowed in recent months after rebounding in the fall from April lows, said Fitch Ratings, New York.
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.