Tag: hotel forecast
STR, TE Adjust First U.S. Hotel Forecast of 2024
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HENDERSONVILLE, Tennessee—STR and Tourism Economics made minimal adjustments...
CBRE Raises Hotel Performance Forecast to Reflect Demand and Supply Growth
DALLAS—CBRE is again raising its forecast for hotel performance this year, as stronger-than-expected demand and more modest supply growth drive occupancy gains.
CBRE has revised...
Industry Giants Confident More Growth is Yet to Come
With occupancy, room demand, average daily rate, and revenue per available room achieving record highs, the travel industry is surely booming, and hoteliers who...
Hotel Industry Continues to Ride Economy’s Tailwinds
The U.S. hotel industry continues to ride the tailwind of the economic recovery, buoyed by positive room demand, occupancy increases, and steady average daily...
Recovery Accelerates with Strong Growth in Group Demand
NEW YORK—An updated lodging forecast released by PwC US anticipates lodging recovery will enter a new phase, with continued strengthening in group demand and...