Tag: forecast
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...
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...
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...
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)...
CBRE Updates Forecast, Predicts 37 Percent RevPAR Decline for 2020
This week, CBRE released an updated 2020 outlook that analyzes the impact of the COVID-19 pandemic on hotel performance and provides insights into recovery...