Tag: Tourism Economics
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...
Economics and Data During Day Two of AAHOACON 2020
On the second day of the 2020 AAHOA Virtual Convention & Trade Show, in a session titled “U.S. Economic and Travel Outlook: 2020 and...
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...
Travel-Related Unemployment Rises to 51 Percent
WASHINGTON, D.C. — More than half of the 15.8 million travel-related jobs in the United States have disappeared since the outbreak of the COVID-19...
