Economic conditions are deteriorating quickly with the Covid-19 outbreak causing a sharp drop in economic activity. Hotels are experiencing a significant contraction to demand. Our current expectations are that as early as Q3 2020, activity will begin to stabilize, and a recovery is expected to be underway by Q4.
CBRE Hotels Research has released a preliminary 2020 forecast that analyzes the impact of the pandemic on hotel performance and provides insight as to how hotels may start to recover in the back half of the year.
CLICK HERE to view the full report.