Tag: forecast
Recovery Patterns From Historical Recessions
Since the start of the COVID-19 pandemic, CBRE has analyzed the operating performance of U.S. hotels during historical economic recessions to estimate the level...
A Tale of Two Seasons: Deloitte Forecasts Holiday Spending Scenarios
NEW YORK — Holiday retail sales are likely to increase between 1 percent and 1.5 percent, according to Deloitte’s annual holiday retail forecast. Overall,...
Arrivalist Forecasts 42.5 Million Americans Will Hit the Road Labor Day Weekend
NEW YORK — Location data company Arrivalist projects that Labor Day holiday road trip volume will be down just 5.3 percent compared to last...
Magid HTL Forecast Tracker: Annual Hotel Occupancy to Decline 29 Percent Over Next Year
MINNEAPOLIS — The ongoing impact of the COVID-19 pandemic will lead to a 29 percent decline in annual hotel occupancy over the next 12...
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...