us lodging industry
Significant Spike in Daily COVID-19 Cases Expected to Prolong Recovery of the US Lodging Industry
PwC US | December 1, 2020
US Hospitality Directions: November 2020 Continued political uncertainty leading up to the presidential inauguration, the speed of the business traveler's return after a vaccine, and the length and severity of a resurgence of the virus in Q4 and into 2021 are impacting lodging's recovery in the US. In our May edition, we had assumed the then consensus view that the daily number of new COVID-19 cases in the US peaked in late April. We now know this did not occur, and that the current daily number is over four times that level. This has significantly impacted the recovery timeline. We currently expect annual occupancy for US hotels this year t...
US Lodging in Twilight of Latest Upcycle; Caution Ahead
Fitch Ratings | May 5, 2016
Fitch Ratings-New York-05 May 2016: The US lodging industry is in the twilight of the current upcycle, according to Fitch Ratings. The recovery is now the second longest on record, with trailing 12-month (TTM) RevPAR positive for 68 consecutive months. Fitch is not forecasting a U.S. recession through at least 2017 and it would be unprecedented for lodging to enter a downturn without one. We expect RevPAR to accelerate modestly during the remainder of the year from an unusually weak first quarter. However, lodging fundamentals are softening and RevPAR growth is decelerating, with 2016 likely to come in at (or possibly below) the low end...
