Event Coverage: STR, TE Upgrade 2023 U.S. Hotel Forecast With Adjusted Projections

LOS ANGELES—STR and Tourism Economics made a modest upgrade to the 2023 U.S. hotel forecast at the 2023 Americas Lodging Investment Summit (ALIS) in Los Angeles, California. Additionally, a subsequent downward adjustment was made for 2024. The occupancy projection for this year was lower than the previous forecast by 0.1 percent while projections for average daily rate (ADR) and revenue per available room (RevPAR) were lifted 0.5 percent and 0.3 percent, respectively. For 2024, a […]

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Northbrook, IL 60062

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Nashville, TN 37215

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