Tag: demand
Missing Meetings: Limited Group Demand Hits Convention Hotels Hard
According to Kalibri Labs, the demand for lodging accommodations in the United States declined by 38.4 percent during the first half of 2020 compared...
Six Steps to Unlocking Guest Demand During COVID
U.S. hotels are suffering historically low occupancy rates, and have lost billions in room revenue while shedding millions of jobs since March. According to...
STR: Hurricane Laura Displacements Create Hotel Demand in Louisiana and Texas
HENDERSONVILLE, Tennessee—Evacuations and displacements due to Hurricane Laura created hotel demand in markets throughout Louisiana and Texas last week, according to a newly released...
Revised Forecast: U.S. Hotel Room Revenue Unlikely to Recover Until 2024
HENDERSONVILLE, Tenn. — Full recovery in U.S. hotel demand and room revenue remains unlikely until 2023 and 2024, respectively, according to the slightly downgraded...
CBRE Forecasts Demand Comeback in 2022, RevPAR Recovery in 2023
ATLANTA — After suffering the greatest performance declines in the history of the U.S. lodging industry during 2020, the nation’s hotels will benefit from...