Browsing by Author "STR"
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- 2020 US Forecast Upgraded: Recovery unlikely until 2024STR (Hotel News Now, 2020-11-12)STR and Tourism Economics forecasted optimistic trends as the hotel industry continues to grapple with the COVID-19 pandemic. Although business travel will not resume to 2019 levels until 2024, lower-tier level properties will look to see in increase in business throughout the upcoming months. Hoteliers will remain hopeful that the COVID-19 vaccine will produce a strong Q3 and Q4 in 2021.
- STR: US Hotel Performance for August 2020STR (Hotel News Now, 2020-09-18)August 2020 hotel occupancy levels fell to 31.7% to 48.6%. However, August 2020 occupancy numbers were up from July 2020 occupancy levels.
- STR: US leads in hotel openings during pandemicSTR (Hotel News Now, 2020-10-13)STR is reporting that the U.S. opened more hotels than any other country throughout the course of the pandemic. However, as Summer turns into Fall, project numbers are decaling as demand has started to drop off.