5 predictions for 2021
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Date
2020-12-23
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Publisher
Hotel News Now
Abstract
5 predictions regarding the trends of the hotel industry in 2021 are presented based on the STR data. 1.RevPAR will grow the strongest ever up to 30% for 2021, 2. ADR will not reach the figure of 2019 possibly. 3. Hotel rooms in construction will likely decline 4. Domestic group demand will recover in the next year eventually. 5.International arrival numbers will continue low due to the continued travel restriction.
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Keywords
2021 Forecast, hotel industry, RevPAR, ADR, group demand