CBRE, Dallas, reported that investors have generally positive sentiment about the hotel market this year.
Tag: Hotels
Analysts Downgrade U.S. Hotel Forecast
Two hotel sector data firms, STR and Tourism Economics, significantly downgraded their 2024-2025 U.S. hotel forecast.
CBRE Reduces Near-Term Hotel Outlook Due to Softer Summer Demand
CBRE, Dallas, reduced its forecast for hotel performance this year as weaker-than-expected summer demand resulted in a shortfall in Q2 2023 revenue per available room.
Hotel Analysts Lower Occupancy Forecast, Maintain Revenue Projections
STR, Hendersonville, Tenn., and Tourism Economics, Wayne, Pa., lowered their hotel occupancy forecast slightly but maintained previous projections for revenue per available room and average daily room rates.
CBRE Raises Hotel Sector Outlook
CBRE, Dallas, raised its forecast for hotel performance based on second-quarter gains and its expectation for slightly positive GDP growth next year.
JLL Notes Hospitality Market ‘Disconnect’
JLL, Chicago, noted a “disconnect” between hospitality fundamentals, which it called exceptionally strong for many assets, and debt markets, which have been deteriorating meaningfully.
STR: Hotel Construction Pipeline Shrinks but Planning Activity Increases
STR, Hendersonville, Tenn., reported hotel rooms under construction fell from one year ago, but noted properties in the planning stage increased significantly.
Lodging Demand Could Return to Pre-Pandemic Level By Late 2023
CBRE Hotels, Dallas, said U.S. lodging demand could return to its pre-pandemic level by fourth-quarter 2023.