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Article - STR and Tourism Economics Maintain Projections in First U.S. Hotel Forecast of 2024 - STR and Tourism Economics made minimal adjustments to growth projections in the first U.S. hotel forecast of 2024 just released at the Americas Lodging Investment Summit (ALIS).
Article - STR and Tourism Economics Upgrade U.S. Hotel ADR and RevPAR Forecast - STR and Tourism Economics lifted year-over-year growth projections for average daily rate (ADR) and revenue per available room (RevPAR) in the final U.S. hotel forecast revision of 2023.
STR and Tourism Economics lifted year-over-year growth projections for average daily rate (ADR) and revenue per available room (RevPAR) in the final U.S. hotel forecast revision of 2023.
Article - Inflation Abomination - How Inflation Affects Hotel Revenue Streams, Expenses - CoStar - A presentation on inflation's effects on hotel profitability at the 2023 Hotel Data Conference highlighted hotel rates on a real basis are still down compared to 2019 while hotels continue to face increasing costs, particularly from labor.
Article - STR and Tourism Economics Lower Growth Forecast for U.S. Hotels - For 2023, growth in revenue per available room (RevPAR) was lowered by 0.5 percentage points, due to a 0.6ppt downgrade in occupancy growth. For 2024, the RevPAR growth projection was also lowered 0.5ppts on a 0.5ppt downgrade in occupancy. Average daily rate (ADR) was upgraded 0.1ppts for 2023 but kept flat for 2024.