Source: Hotel Management
By Jena Tesse Fox
February 25, 2019
A favorable economic outlook is expected to spur continued growth in U.S. hotel revenues and profits through 2020, although an economic slowdown the following year could cause a short-lived softening of lodging-industry fundamentals.
According to the March edition of Hotel Horizons, CBRE Hotels Americas Research is forecasting U.S. hotel rooms revenue per available room (RevPAR) to increase by 2.5 percent in 2019 and an additional 2 percent in 2020. However, for 2021, CBRE is projecting a slight decline in RevPAR of 0.6 percent. Fortunately for hoteliers, 1.4 percent RevPAR growth for 2022 is forecast by CBRE.