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U.S. Outlook for 2020 Coronavirus and the Risk to Hotels

March 24, 2020

Check out CBRE – U.S. Outlook for 2020 Coronavirus and the Risk to Hotels

  • “The hotel market’s recovery from past major shocks, such as 9/11 nationally, Sars outbreak in Toronto, Ziki outbreak in Miami, typically took 14 to 24 months.
  • Our downside scenario indicates it will take six to eight months for U.S. hotel demand to recover, and 12 to 14 months for ADR and REVPAR to recover.”