Editorial Note: There will be no CHR Weekly Roundup next Friday due to the Thanksgiving holiday. We'll be back to our regular schedule the week of November 29.
Noteworthy: Innovating for a Post-Pandemic Future Dean Walsh, with tech and hotel leaders, explores the landscape of post-pandemic customer relations. Read the full article on BusinessFeed.
LODGING SECTOR UPDATE
U.S. weekly hotel occupancy slipped a bit further during the second week of November. At the same time, normal seasonal fluctuations continued in China and a lockdown decline worsened in Europe.
STR and Tourism Economics slightly upgraded the final 2020 U.S. hotel forecast, but 2021 remains functionally unchanged as the early implementation of a vaccine was already built into the forecast assumptions for Q4 2020/Q1 2021. Full recovery in revenue per available room (RevPAR) is unlikely until 2024.
Ahead of the Curve: A Kalibri Labs Series
An in-depth look at the impact of the pandemic and potential shape of recovery in specific markets. Click here to read about the NYC, Houston, Atlanta, Los Angeles, Chicago, and Washington D.C. markets. New this week: Miami. Coming Soon: Top 50 U.S. Markets.