STR: Hotel metrics picking up pace toward 2019 levels

A report this week from STR and Tourism Economics projects a nominal return to 2019 levels of demand and average daily rate for US hotels next year, and a full recovery of revenue per room by 2023. The room-revenue forecast, changing an earlier mark of 2024, is the first upward revision in 16 years by the analytics firm, STR’s Amanda Hite says.