NASHVILLE — Just released at the 13th Annual Hotel Data Conference, STR and Tourism Economics have upgraded the U.S. hotel forecast for 2021 as a whole and lessened growth projections for 2022. Additionally, full recovery of demand remains on the same timeline for 2023, while revenue per available room (RevPAR) is projected to surpass 2019 levels in 2024. “Rather than improved expectations for the...
The city of Orlando is preparing its latest capital improvement program — tied to its annual budget — with several multimillion-dollar projects earmarked. The proposal for the city prices the capital improvement plan for fiscal 2022 at $146.69 million. That is slightly down from the prior fiscal year's adopted amount of $151.98 million. The city's capital improvement plan includes...
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