CBRE Updates Its US Lodging Forecast to Expect Delayed Recovery

Investors and lenders also weigh in on the state of hotel industry financials.

By Paul Bergeron | October 15, 2021 at 06:49 AM

The COVID-19 Delta variant’s emergence and spread has hampered plans for group and business travel this fall and winter, spurring CBRE Hotels Research to temper its expectations for the US lodging sector’s Q4 performance on a national basis.

CBRE’s new outlook extends into 2022, given the likelihood that corporate travel budgets will remain constrained next year.

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