World Cup

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U.S. Hotel Industry Starting To Worry About The World Cup (www.forbes.com)

submitted 2 weeks ago by CombatWombat@feddit.online to c/worldcup@lemmy.world

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Against a backdrop of economic uncertainty, geopolitical tensions and a sustained ‘Trump Slump’ of declining international visitation, the substantial World Cup bump U.S. hotels were promised may not materialize, according to CoStar, the industry’s leading benchmarking and analytics firm.

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[–] lemmyng@lemmy.world 7 points 2 weeks ago

Good.

A fascist country like the US doesn't deserve the economic fortune and diversity brought by visiting tourists. Trump and his supporters isolated America from the rest of the world. Let them feel the pain of their consequences.

[–] CombatWombat@feddit.online 5 points 2 weeks ago

Worse than ‘94 is bad:

Lodging demand in the U.S. during the tournament is expected to boost revenue per available room (RevPAR) nationally by only 1.2% in June and 1.5% in July, Chantal Wu, a senior director of hospitality market analytics at CoStar, told Forbes.

That’s a noticeable downgrade from less than a month ago, when CoStar and Tourism Economics forecasted a still-disappointing 1.7% year-over-year lift in RevPAR for June and July—only a quarter of the boost received when the U.S. hosted the World Cup in 1994.