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Coronavirus economic impact

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...
Coronavirus / COVID-19

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...
Airport check in counter with no people.

Tourism Economics Forecasts U.S. Travel Spending to Fall 45 Percent in 2020

WASHINGTON, D.C.—Total travel spending in the United States is predicted to drop 45 percent by the end of this year, according to a forecast...
highway, roadtrip

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...
Coronavirus economic impact

STR and Tourism Economics Downgrade U.S. Hotel Forecast for 2020 and 2021

HENDERSONVILLE, Tenn. — The latest U.S. hotel forecast from STR and Tourism Economics projects a 57.5 percent decline in revenue per available room (RevPAR)...