In the October edition of the Lodging Market Overview by Horwath HTL Atlanta, signs of gradual increases in weekly room night demand and weekly room nights available show that the lodging market is on a cautious trajectory to 2019 levels.
The upper priced lodging segments continue to see the worst of the declines in performance as travellers seek out discounts.
Continued growth in Total Traveler Throughput (TTT) for October and the part of November show that although most travellers choose to drive to domestic destinations, more and more are choosing to fly.
Overall, we are cautiously optimistic about a steady recovery in the hospitality sector.
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Horwath HTL is focused one hundred percent on hospitality, tourism, and leisure consulting. Our services cover every aspect of hotel real estate, tourism, and leisure development. Our clients choose Horwath HTL because we have earned a reputation for impartial advice that will often mean the difference between failure and success. Each project we help is different, so we utilize the experience we have gained throughout our 100-year history. Being a global firm with 52 offices in 40 countries, we have successfully carried out over 30,000 assignments for both public and private clients. As part of the Crowe Global network, a top 10 accounting, and financial services network, Horwath HTL is the number one choice for companies and financial institutions looking to invest and develop in the industry.
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