Tag: Tourism Economics
Tourism Economics Analyzes Potential Impacts of COVID-19 on Travel
As growing coronavirus concerns disrupt travel, major events, supply chains, and business operations, Tourism Economics, an Oxford Economics company, has released a report analyzing...
STR Releases Preliminary Data on Coronavirus’ Impact on Hotels
SINGAPORE—Preliminary data and analysis from STR shows a 75 percent decline in hotel occupancy in Mainland China from January 14-26, 2020. Performance during the...
STR: RevPAR Forecast to Flatten in 2020
LOS ANGELES — For the first time since 2009, the U.S. hotel industry is projected for a non-growth year in revenue per available room...
STR Downgrades RevPAR Growth Projections
NASHVILLE — RevPAR growth projections for U.S. hotels have been downgraded to less than 1 percent for 2019 and 2020, according to STR and...
STR and Tourism Economics Downgrade U.S. Hotel Forecast
NEW YORK—The U.S. hotel industry is projected to see overall performance growth of 2 percent for 2019 and 1.9 percent for 2020, according to...