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.
Tag: Hotel Sector
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.
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.
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.
MBA Chart of the Week: Year-to-Date Returns for REIT Stocks
How the health, social and economic impacts of the coronavirus outbreak flow through to commercial and multifamily properties remains clouded in uncertainty – mainly because of the uncertainty about the virus itself and our public and private responses to it. One thing that is clear is that different property types and different markets will be affected differently.