Major Markets Surge in 2021 but Remain Far from Recovery

After suffering the most severe declines in performance during 2020, hotels located in the largest U.S. markets will enjoy the greatest growth in occupancy and the least declines in average daily rate during 2021. In 2020, hotels located in the 25 largest lodging markets saw their revenue per available room decline 63.7 percent. CBRE forecasts a 35.3 percent gain in RevPAR in 2021 for these markets.

Read the full article at Hotel Management here.

By Dave Wells
Dave Wells Career Coach