2020 US Forecast Upgraded: Recovery unlikely until 2024
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TR Number
Date
2020-11-12
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Journal ISSN
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Publisher
Hotel News Now
Abstract
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.
Description
Keywords
COVID-19, Pandemic Response, Travel Industry, Hotel Industry, Tourism Economic, STR