STR, Hendersonville, Tenn., said hotels saw an encouraging April as more revenue flowed through to the bottom line.
Tag: STR
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.
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.
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.
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.