Demand projections in STR and Tourism Economics' latest 2020 U.S. hotel forecast, issued in late June, aren't as dire for 2020 as some of their previous estimates. The firms, however, don't expect a full recovery to pre-pandemic levels until 2023. Meanwhile, BCD Travel asked travel managers to project supplier pricing when travel recovers versus pre-pandemic levels, and found little consensus outside of expected airfare hikes.
