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 RevPAR Forecast to Flatten

The hotel sector might see zero revenue per available room growth this year for the first time since 2009, said STR, Hendersonville, Tenn., and Tourism Economics, Wayne, Pa.

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, …

Hotel Pipeline Up 5.5% YoY

STR, Hendersonville, Tenn., said the U.S. hotel pipeline reached 205,000-plus rooms under construction in October, up 5.5 percent compared to a year ago.