Keyword: Tourism Economics
STR and Tourism Economics project revenue per available room will rise 63.1 percent in 2021.
The two companies’ forecast began at 2.3 percent in January, and has since been downgraded to 2 percent, 1.6 percent and now 0.8 percent.
The groups have dropped their forecast for revenue per available room growth from 2 to 1.6 percent in 2019 and from 1.9 to 1.1 percent in 2020.
At the NYU International Hospitality Industry Investment Conference, the CEOs of STR and HVS looked at hospitality by the numbers.
Industry analysts have updated their forecasts once again, spelling more great news for the U.S. hotel sector.
The first quarter brought good news for U.S. hotels. That’s why analysts are upping their 2018 outlooks.