US hotel industry forecast adjusts in response to COVID-19 Winter surge and anticipation of vaccines

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CBRE’s Q3 2020 forecasts call for a return to 2019 occupancy, average daily room rates (ADR), and RevPAR levels in 2024. In general, properties that operate in the lower-priced chain-scale segments will recover to 2019 performance levels sooner than the higher-priced hotels.