According to CBRE’s September 2022 Hotel Horizons forecast for the overall U.S. lodging industry, RevPAR will exceed 2019 annual levels in 2022. This performance is driven by the accelerated recovery of ADR, which first occurred during the third quarter of 2021. Unfortunately for the owners and operators of full-service, convention, and resort hotels, food and beverage revenue is yet to return to pre-COVID levels. This can be attributed to a combination of the following factors: […]
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