Although revenue growth for hotels in the United States will continue to slow, CBRE Hotels Research is reporting that the hotel industry will remain strong through the next two years. That’s the good news gathered from the data outlined in the company’s December 2019 edition of Hotel Horizons. But while the report shows some optimism, forecasts for performance growth are a mixed bag and don’t appear anywhere near the growth rates that the industry has been enjoying the past few years.
According to the report, U.S. hotel occupancy will dip slightly but remain above 65.5 percent through 2021. That’s 300 basis points greater than the STR long-run average, researchers noted. Additionally, revenue per available room is expected to increase at less than 1 percent per year during the same time frame.