STR's Final 2020 U.S. Hotel Forecast Adjusted Slightly Upward
New U.S. hotel industry forecasts from both STR and HVS anticipate that the full-year occupancy level will end the year at around 42 percent, according to information presented by the companies at Thursday's New York University International Hospitality Industry Investment Conference.
STR, which released its forecast with Tourism Economics, adjusted its 2020 forecast slightly up from its August figures, which had projected year-end occupancy at 39.8 percent and RevPAR at $41.31. ADR changed only slightly from $103.71. Its 2021 forecast remained relatively the same, and it noted that RevPAR still would not fully recover until 2024.