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The earliest that US hotels return to pre-COVID-19 revenues might be 2022

And that’s in the more optimistic of the two crisis-recovery scenarios that global executives view as most likely (A3), after revenue per available hotel room falls by 53 percent in 2020. In the more dire scenario (A1), recovery doesn’t happen until beyond 2023.

In the worst-case scenario, US hotel revenue per available room will be down 20 percent by 2023.
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To read the article, see “Hospitality and COVID-19: How long until ‘no vacancy’ for US hotels?,” June 10, 2020.