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STR, TE lower growth forecast for U.S. hotels - TravelDailyNews International

STR, TE lower growth forecast for U.S. hotels - TravelDailyNews International
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Hotel Data Conference , Tourism Economics , Annual Hotel Data ,

STR and Tourism Economics Lower Growth Forecast for U.S. Hotels

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. ....

Saran Ryan , Federal Reserve , Hotel Data Conference , Tourism Economics , Annual Hotel Data , Amanda Hite ,

STR, TE lower growth forecast for U.S. hotels

STR and Tourism Economics lowered their year-over-year growth projections in the revised 2023-24 U.S. hotel forecast just presented at the 15th Annual Hotel Data Conference. ....

United States , City Of , United Kingdom , Asia Pacific , Saran Ryan , Federal Reserve , Hotel Data Conference , Costar Group Inc , Tourism Economics , Annual Hotel Data , Amanda Hite , North American , Costar Group ,

STR, TE lift ADR projections further in revised U.S. hotel forecast

STR and Tourism Economics adjusted occupancy downward but lifted projections once again for average daily rate (ADR) in the revised U.S. hotel forecast just presented at the 14th Annual Hotel Data Conference. Revenue per available room (RevPAR) remains on track for full recovery this year on a nominal basis but not until 2025 when adjusted for inflation. ....

United States , City Of , United Kingdom , Saran Ryan , Asia Pacific , Costar Group Inc , Hotel Data Conference , Tourism Economics , Annual Hotel Data , Amanda Hite , Oxford Economics , North American , Costar Group ,