Hotel investment activity grew sharply in the first half of 2021 despite continued mixed performance results, according to separate reports on an industry hard hit by the coronavirus pandemic.
Tag: STR
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.
Lodging Demand Could Return to Pre-Pandemic Level By Late 2023
CBRE Hotels, Dallas, said U.S. lodging demand could return to its pre-pandemic level by fourth-quarter 2023.
Hotel Profits Improve as Recovery Spreads
STR, Hendersonville, Tenn., said hotels saw an encouraging April as more revenue flowed through to the bottom line.
Analysts Upgrade Hotel Forecast
STR, Hendersonville, Tenn., and Tourism Economics, Wayne, Pa., upgraded their 2021 U.S. hotel sector forecast after seeing stronger than expected demand during the first quarter.
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 Sector Showing Signs of Life
The hotel sector is coming back–slowly–from its pandemic-related downturn, analysts said.
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.
STR, TE Again Downgrade Hotel Forecast
STR, Hendersonville, Tenn., and Tourism Economics, Wayne, Pa., once again slightly downgraded their forecast for the U.S. hotel sector.