The hospitality sector is on an upswing after being roiled by the COVID-19 pandemic well into 2021, a new analysis finds. 

And upper tier properties are poised for the most growth:  Moody's Analytics CRE predicts that RevPAR for the upper tier will grow more quickly than in lower tier properties this year and next. 

"For the upper tier, RevPAR recovered to just shy of $100, a threshold it is expected to cross in the second quarter of 2022 as the busy summer travel season gets underway," Moody's economist Ermengarde Jabir writes in a new analysis in CIRE Magazine. "Similarly, across all tiers, occupancy is expected to grow steadily in 2022 and into 2023, before leveling off and remaining stable after the recovery growth period."

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