STR Downgrades RevPAR Growth Projections
NASHVILLE — RevPAR growth projections for U.S. hotels have been downgraded to less than 1 percent for 2019 and 2020, according to STR and Tourism Economics’ final forecast revision of this year. “U.S. hotels have posted nine straight years with RevPAR increases of basically 3 percent or higher, so growth levels below 1 percent will clearly represent the industry’s worst years since the recession,” said Amanda Hite, STR’s president. The previous version of the U.S. … Continue reading STR Downgrades RevPAR Growth Projections
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