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Hotel lobby overseen by hotelAVE, a hospitality consulting firm providing hospitality industry insights and hotel advisory services
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Tag: Urban Markets

Hotel News Now: 5 Things to Know

Hotel News Now: 5 things to know: 19 March 2020 US RevPAR down 5% Chinese booking site predicts rebound Marriott outlines coronavirus response Analysts see risk for hotel REITs HotelAVE predicts five-year recovery period By the HNN editorial staff U.S. RevPAR down 32.5%: With the U.S. economy coming to a screeching halt amid con erns..
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HotelAVE Projects A Five-Year Recovery Period For Hotel Industry Post Coronavirus

By Hotel Business on March 18, 2020 PROVIDENCE, RI— Hotel Asset Value Enhancement (hotelAVE) released a study that estimated that it will take the hotel industry in the United States approximately five years to achieve pre-COVID-19 occupancies, revenues and profitability. In addition, the “hotelAVE COVID-19 Hotel Outlook” predicts that the pace of the five-year recovery..
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