Lodging Analytics Research & Consulting, in its 2022 Lodging Industry Forecast Update, expects revenue per available room (RevPAR) in the US to increase by 18% in 2022, driven by a 5.2% increase in occupancy and a 12.2% increase in average daily rate (ADR). The consultancy expects ADR to recover to 2019 levels in 2022, while RevPAR will reach 2019 levels in 2023 and occupancy stabilizes slightly below 2019 levels by 2025. The report said that ADR growth continues to exceed expectations, marking the fourth consecutive outlook incorporating a near-term ADR increase. LARC expects corporate travel to “reaccelerate” and group travel to strengthen. As the industry moves through the year, the company expects there to be markets that “materially exceed” pre-pandemic levels and other areas that continue to be well behind those levels. While the recovery may be bumpier than many hope, said the report, LARC continues to expect several years of unprecedented growth, sparked not only by recovery from the worst free fall the industry has ever experienced, but also by unprecedented levels of fiscal stimulus, savings rates and pent-up demand for travel and new experiences. While LARC acknowledged the risks tied to remote working and reduced corporate travel, it said they are offset by more leisure travel and the desire and need to reconnect with co-workers, clients and peers. Looking forward, said the report, “there will be markets that are winners in the coming years and those that end up as losers.”