STR, Hendersonville, Tenn., and Tourism Economics, Wayne, Pa., increased their hotel-sector growth projections–just slightly–in their new joint forecast.
Tag: Hotel Sector
STR, TE Upgrade Hotel Average Daily Rate, Revenue Forecast
STR and Tourism Economics lifted their year-over-year growth projections for hotel average daily rates and revenue per available room in their final hotel forecast revision of 2023.
STR, TE Lower Hotel Growth Forecast
STR, Hendersonville, Tenn., and Tourism Economics, Wayne, Pa., lowered their year-over-year growth projections in a revised 2023-24 U.S. hotel forecast.
STR, TE Lower Hotel Growth Forecast
STR, Hendersonville, Tenn, and Tourism Economics, Wayne, Pa., lowered their year-over-year growth projections in a revised 2023-24 U.S. hotel forecast.
STR, TE Lift Hotel Forecast
STR, Hendersonville, Tenn., and Tourism Economics, Wayne, Pa., upgraded their hotel sector forecast for the rest of 2023.
Dealmaker: Hall Structured Finance Originates $17M Loan for Hyatt Place Hotel in Tennessee
Hall Structured Finance, Dallas, originated a $16.6 million first lien construction loan for the development of a Hyatt Place hotel in Jackson, Tenn.
CBRE Again Raises Forecast for 2023 Hotel Performance
CBRE, Dallas, raised its hotel performance outlook for this year once again, improving its forecast for revenue per available room to $97.89, up 6% year-over-year, and an increase of 43 cents from its previous forecast.
U.S. Hotel Construction Pipeline Increases in All Project Stages
Lodging Econometrics, Portsmouth, N.H., reported the U.S. hotel construction pipeline increases in all project stages compared to a year ago.
STR: Hotel Pipeline Shows Confidence in Business Travel
Hotel developers show confidence in upper-upscale properties despite the segment’s slow recovery from the COVID downturn, reported STR, Hendersonville, Tenn.
KBRA: Lodging Loan Performance Clouded by Upper-Upscale Chains
U.S. hotels have performed well overall since the pandemic, but upscale properties report higher commercial mortgage-backed securities delinquencies than more modest hotels, reported KBRA, New York.