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August 14, 2020

Forecast says U.S. hotels won't recover until 2023

By DEE-ANN DURBIN
AP Business Writer

U.S. hotel demand likely won't see a full recovery until 2023, according to a new forecast from travel data company STR and consultant Tourism Economics.

The two firms said Thursday they expect average hotel occupancy of 40% this year, slowly climbing to 52% in 2021. That's down from a healthy 66% in 2019.


 
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