Tag: 2023
Uneven Recovery: STR and Tourism Economics Slightly Upgrade U.S. Hotel Forecast
LOS ANGELES — Underpinned by continued strengthening in average daily rate (ADR), STR and Tourism Economics have slightly upgraded the U.S. hotel forecast, just...
Hyatt to Expand to 11 New Markets in the Americas
CHICAGO — Hyatt Hotels Corporation announced plans to accelerate its brand growth in the Americas region with a strong pipeline of expected hotel openings...
CBRE Forecasts RevPAR to Recover by Mid-2023
DALLAS—According to CBRE, ADR gains and a 35.1 percent year-over-year increase in hotel occupancy in Q3 2021 showed that demand for U.S. hotel stays...
STR, TE Update Forecast: U.S. Hotel Demand and ADR Will Near Full Recovery in...
NEW YORK — U.S. hotel demand as well as average daily rate (ADR) on a nominal basis will near full recovery in 2022, according...
STR: ADR Not Expected to Recover to Pre-2020 Levels in the Next Five Years
HENDERSONVILLE, Tenn. — Even with improving performance already underway, U.S. hotel demand will not return completely to pre-pandemic levels until 2023, according to the...