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.

Hotel Sector Suffers Coronavirus Hit

STR, Hendersonville, Tenn., said the hotel sector began showing COVID-19’s impact, with negative results in all three key performance metrics for the week ending March 14.

Hotel Supply Jump Could Lower Occupancy

Healthy consumer spending and confidence is driving hotel demand, but not enough to balance the sector’s upcoming supply, which could decrease property occupancy next year, said HVS Global Hospitality Services, …