Hotel Asset Managers Group Expresses Frustration About Labor Shortages
April 15, 2022 | Rashaad Jorden |Skift
The Hospitality Asset Managers Association released the results of its Spring 2022 Industry Outlook. In total, 84 asset managers, comprising approximately half of membership, participated in the survey. Highlighted results include: One-third of respondents currently forecast 51-75% of their hotels to exceed 2022 budgeted RevPAR. Three-quarters of surveyed asset managers are more optimistic about the remainder of 2022 since the Covid-19 Omnicom variant has subsided. The top three concerns of asset managers are labor availability (90.48%), wage increases (70.24%) and supply chain delays (61.9%). 61.9% of participants believe RevPAR will return to 2019 levels for the entire U.S. by 2023, and nearly 90% of those surveyed actively are seeking acquisition opportunities.
Source: Skift
