3/29/2024 0 Comments Kinsey scale test longWe then adjusted the baseline to account for additional impacts of COVID-19, factoring in the likely length of shelter-in-place restrictions, changes in company travel policies, consumer sentiment and willingness to travel, and structural changes to demand, such as videoconferences instead of in-person events. Based on this relationship, we used the unemployment rate projections from our colleagues to set a baseline for hotel performance. There is variation across chain scales (from luxury to economy), but we found the strongest relationship between changes in revenue per available room (RevPAR) and the unemployment rate. On the hotel front, we analyzed the long-term historical relationship between industry performance and economic data. The more conservative A1 projects a delay in GDP recovery until 2023. A3 projects GDP recovery as early as 2021. Please email us at: recent survey of 2,000 global business executives found that scenarios A3 and A1 are seen as most likely. If you would like information about this content we will be happy to work with you. We strive to provide individuals with disabilities equal access to our website.
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