HVS 2020 United States Hotel Industry Outlook
HVS has just come out with their 2020 United States Hotel Industry Outlook written by the company’s president Rod Clough, MAI.
Here is an excerpt from the article:
“… expect a continued slide in nationwide occupancy driven by continued supply additions, which are anticipated to outpace demand growth levels. Demand growth, while still expected, will be constrained by companies pulling back on expansions, reduced international tourism, and election‐year uncertainty, among other factors. As a result of these market dynamics, average rates should grow only slightly. The outlook for 2021 turns more favorable in most markets, as the pace of new hotel openings is anticipated to slow by comparison.”