The two firms said Thursday they expect average hotel occupancy of 40% this year, slowly climbing to 52% in 2021. That’s down from a healthy 66% in 2019.
But even as leisure demand rises, hotels are sorely missing business travel and group events like conferences and weddings. Eric Rosengren, president of the Federal Reserve Bank of Boston, said Wednesday that the U.S. recovery has likely been prolonged by states in the South and West that reopened businesses and beaches— and then had to close them — before the virus was under control.
Hotel revenue will take even longer to recover, returning to normal levels in 2024, Tourism Economics and STR said. Travelers want deals, and mid-range hotels are recovering more quickly than luxury brands.
Completely a bs estimate. Way too many assumptions made to be accurate...
Is this a more important story than connorhinnant ? DoYourJob
If they're not experiencing a 'V'-shaped recovery perhaps they're doing something wrong?
What he did?
Lockdowns are insane!
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Public colleges hide donors who seek to influence students. Will COVID-19 make it worse?The coronavirus may give private donors more say over public colleges' classes and professors, observers worry. Secrecy is the norm across the U.S. 😹😹😹😹 Duh. This has been happening since the first universities were established here.
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Trump says open schools. Teachers say not until they're safe. As cases rise, unions may win.'I want to be in school. My colleagues want to be in school, but we want to do it safely,” one teacher said. “We are not able to do it safely.' What about learning online with ease and safety? Things are getting ridiculous. Flatten the curve they said....let the kids go to school.
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