Lodging Daily News

DALLAS, Texas—CBRE foresees economic growth slowing in 2024, though a recession may be avoided and real estate transaction values will decline further, creating compelling buying opportunities, according to the company’s 2024 U.S. Real Estate Outlook. CBRE’s economists anticipate that resilient consumer spending will counter economic headwinds next year including high interest rates and near recessions in Europe and China. CBRE predicts the U.S. unemployment rate will rise slightly to 4.5 percent and an easing of

DENVER—Tom Luersen, president of CoralTree Hospitality, announced that Mike Everett has joined the company as executive vice president. Everett will lead the business development; design and development services; information technology and innovations team; openings and transitions; and engineering, security, and sustainability functions for the company. Everett previously worked with Luersen and the CoralTree leadership team while at Lowe Hospitality Group. “Mike is a great addition to our leadership team,” said Luersen. “He has a track

HOUSTON—WorldVue announced a partnership with ProSafe to provide a more secure environment for hotel employees at properties throughout the world. This partnership expands the safety capabilities of WorldVue’s hospitality customers with the use of ProSafe’s smartphone-based security applications. “We are proud to partner with ProSafe to support the industrywide roll-out of an innovative and valuable smartphone application that benefits hotel owners by providing a safer and more transparent working environment for their associates,” said Robert

WASHINGTON—U.S. hotel performance increased from the previous week, according to CoStar’s latest data through Dec. 9, 2023. U.S. Hotel Performance December 3-9, 2023 Percentage change from comparable week in 2022Occupancy: 58.7 percent (down 1.1 percent)ADR: $153.36 (up 4.5 percent)RevPAR: $89.98 (up 3.3 percent) Among the Top 25 Markets, Boston saw the largest year-over-year occupancy increase (up 14.1 percent to 72.7 percent). Helped by Miami Art Week and Art Basel, Miami reported the largest lifts in

TownePlace Suites by Marriott marked its 500th hotel with the opening of TownePlace Suites Richmond Colonial Heights in Virginia, the state where the brand debuted its inaugural hotel in 1997. Twenty-six years after its debut, TownePlace Suites has become a fast-growing brand with an all-suite, extended-hotel model. In addition to the 500th opening this month, the brand has hundreds of additional properties in the development pipeline, all within the United States and Canada. All TownePlace