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05 JANUARY 2021 9:46 AM STR and Tourism Economics share insights in preparation of the release of the latest U.S. lodging industry forecast, scheduled for later this month. BROOMFIELD, Colorado, and PHILADELPHIA—Each quarter, as we prepare to update the STR-Tourism Economics United States lodging forecast, we analyze and summarize key presumptions.
How latest developments impact US lodging outlook 05 JANUARY 2021 9:46 AM STR and Tourism Economics share insights in preparation of the release of the latest U.S. lodging industry forecast, scheduled for later this month. BROOMFIELD, Colorado, and PHILADELPHIA—Each quarter, as we prepare to update the STR-Tourism Economics United States lodging forecast, we analyze and summarize key presumptions.
By James Lambert and Aran Ryan IN the past decade, the Asia Pacific (APAC) region established itself as the world’s largest, fastest-growing, and most diverse tourism market. In Malaysia, the tourism sector supported more than 12% of national GDP in 2019, and 15% of jobs. This year, of course, the tourism sector has come to face with its biggest ever challenge—the coronavirus pandemic.
HENDERSONVILLE, Tennessee and PHILADELPHIA—Forecasting U.S. hotel performance is a moving target due to unknown variables such as government regulations and containment measures related to COVID-19. Economic recovery depends on successful containment of the COVID-19 outbreak. Recent data shows economic activity has improved; however, a full recovery is expected to take time.
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