Pent-up demand and consumer savings will drive recovery in 2022 but taper off in the coming years.
On a nominal basis, the metric is now expected to surpass 2019 levels in 2022.
No matter what 2022 holds, recent trends prove revenue management is a powerful business tool, and it gives hoteliers the power to manage cash flow despite a world of unknowns.
Heidi Gempel of HGE International joins us to discuss whether revenue forecasting can be accurate or relevant today, or are we starting with a blank sheet of paper?
Projections of U.S. lodging industry recovery beginning in earnest during the second half of next year, according to CBRE’s latest hotel forecast.
11% CAGR projection through 2022
To get your non-financial managers to play ball with their numbers in your hotel you need a system that they can follow, a sort of road map they can use to stay on track every month. Teach them this and you will have an engaged team that buys into playing their financial part.