Hotel & Leisure Advisors’ analysis indicates that in 2013 the U.S. hotel market achieved improved occupancy and average daily rate levels in most cities. Performance statistics between 2010 and 2013 showed steady improvement in occupancy levels after the substantial nationwide drop-off in 2009. Average daily rates also improved nationwide, especially in the last three years, after a similar plunge in 2009 and a lesser one in 2010. We project continued improvement in 2014 throughout the United States with higher percentage gains for upscale and luxury properties.
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August 27, 2020
The current COVID-19 crisis continues to have a significant negative effect on the waterpark industry. Waterparks play a major role in providing entertainment, supporting job creation, fostering small business opportunities, and contributing to robust economic growth. Due to COVID-19, many outdoor waterparks delayed their season openings while others have decided, or were mandated, not toREAD MORE