JLL Notes Hospitality Market ‘Disconnect’

JLL, Chicago, noted a “disconnect” between hospitality fundamentals, which it called exceptionally strong for many assets, and debt markets, which have been deteriorating meaningfully.

Analysts Upgrade Hotel Forecast

STR and Tourism Economics upgraded their recovery timeline for U.S. hotel revenue per available room.

Hotel Recovery Likely to Continue

The hotel sector’s recovery that started last year will likely continue despite current operational hurdles, sector analysts reported.

Hotel Rebound Not Likely Until Second-Half 2021

The recent surge in COVID-19 infections dampened U.S. hotel performance expectations, but news of effective vaccines has bolstered recovery projections beginning second-half 2021, sector analysts said.

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.