U.S. Hotels Viewpoint – An Updated 2020 Outlook – By Jamie Lane – Senior Managing Economist Econometric Advisors – Hotels Research

The lodging sector will face two headwinds: a contraction in overall economic activity and the need for social distancing, which encourages staying at home or in settings with few other humans; and not traveling. This will cause a severe decline in lodging demand in the U.S., as it has in other countries. CBRE estimates that RevPAR will decline 37% in 2020, with a contraction of more than 60% in Q2.