CBRE lowers its 2024 U.S. hotel performance forecast due to softening leisure travel and slowing corporate profits, projecting modest RevPAR
CBRE's latest forecast indicates a rebound in RevPAR growth to 3% for H2 2024, following initial sluggish performance. Supported by
The best performing lodging location type in Q3 2023 was urban, where occupancy improved 110 bps to 70.3%. Airport occupancy
CBRE’s baseline-scenario forecast anticipates 0.8% average GDP growth and average inflation of 4.6% in 2023. Given the strong correlation between
The properties are located in 27 states across the country.
CBRE has revised its forecast for the second half of 2022 to a gain in revenue per available room (RevPAR)
Drive-to and Leisure Hotels continue to perform best.
Rachael Rothman brings experience in hospitality management and analysis.
CBRE’s Q3 2020 forecasts call for a return to 2019 occupancy, average daily room rates (ADR), and RevPAR levels in
Gompel brings more than 25 years of experience in hotel operations, management, analysis.