hotel

Luxury and upper-upscale properties have lagged because of their dependence on individual corporate and group demand. Many may not see a RevPAR recovery till the tip of 2023 across 65 of the biggest U.S. markets. At the top of the spectrum, the leisure-centric destinations of Savannah, Miami, St. Petersburg and the Coachella Valley in California are forecast to exceed their 2019 RevPAR ranges by greater than 20% in 2023. Many mid-size and upscale hotel companies are firming up investments and capacity enlargement plans to the tune of Rs three,500 crore in key holy towns within the subsequent two years, in …

Luxury and upper-upscale properties have lagged because of their dependence on individual corporate and group demand. Many may not see a RevPAR recovery till the tip of 2023 across 65 of the biggest U.S. markets. At the top of the spectrum, the leisure-centric destinations of Savannah, Miami, St. Petersburg and the Coachella Valley in California are forecast to exceed their 2019 RevPAR ranges by greater than 20% in 2023. Many mid-size and upscale hotel companies are firming up investments and capacity enlargement plans to the tune of Rs three,500 crore in key holy towns within the subsequent two years, in …