U.S. hotel performance strengthened further with occupancy for the week ending 18 June 2022 at a pandemic-era high of 71.8%.
The U.K., Poland, and Ireland are the three European countries to achieve occupancy indexes that are 80% or better to pre-pandemic levels.
CBRE raised forecast for 2022 ADR, Occupancy and RevPAR to reflect the stronger-than-expected fundamental performance in the fourth quarter.
U.S. hotel demand, as well as average daily rate (ADR) on a nominal basis, will be near full recovery in 2022.
AHLA reports find that while travel is starting to return, the hotel industry’s road to recovery from the pandemic is long and uneven.
It is time for sobering reality; you should not count on any real turnaround until mid-May, perhaps even longer. In all cases, you will have to make some hard decisions to combat any coronavirus-related occupancy drops.
Never miss a trend.