The latest US hotel forecast from ASAP Business Partner STR and Tourism Economics is predicting a 57.5% decline in RevPAR in 2020, followed by a 48.0% increase in the metric in 2021.

The luxury segment is projected for the lowest 2020 occupancy, at 25.0%, while budget properties are forecast for the highest occupancy level of 45.2%.

At the end of last week, STR’s database showed a total of 3,151 temporary US hotel closures with 1,842 hotels reopened.

Read more: