During the recent 44th annual NYU International Hospitality Industry Investment Conference, STR and Tourism Economics released a revised timeline for RevPAR recovery, maintaining that “on a nominal basis, the metric is now expected to surpass 2019 levels in 2022.” A major factor in that timeline, President of STR Amanda Hite told LODGING, was an adjustment in the average daily rate to +$11, $1 more than the previous forecast. What she calls a “conservative estimate of […]

The post Revised Forecast: Amanda Hite of STR on What’s Behind Rising RevPAR and GOPPAR appeared first on LODGING Magazine.

This post was originally published on this site