U.S. Hotel Forecast Upgraded

Underpinned by stronger-than-expected demand during Q1, STR and Tourism Economics upgraded the latest U.S. hotel forecast just released at the Hunter Hotel Investment Conference

JLL Global Real Estate Perspective – Renewed Optimism for Lodging Sector’s Recovery

Overall hotel investment continued to be suppressed in Q1, with the level of distress more limited than originally expected, as banks and governments globally have been generally accommodative. The plethora of capital available in the market for acquisitions is also making the bidding process more competitive for the higher-quality assets that are available for sale

U.S. Market Recovery Monitor – 1 May 2021 – STR

For a third week, U.S. hotel occupancy remained just above 57% and 54% on a total-room-inventory basis (TRI), which accounts for temporarily closed hotels. Room demand fell slightly with the weekly level staying above 21 million for a seventh consecutive week. A closer look revealed that room demand dropped during the weekdays and increased over the weekend.

U.S. April Unemployment Rate Changes Little at 6.1%

Total nonfarm payroll employment rose by 266,000 in April, and the unemployment rate was little changed at 6.1 percent. Job gains in leisure and hospitality, other services, and local government education were partly offset by losses in temporary help services and in couriers and messengers.