The hotel construction pipeline grew 3% from a year ago and projects in the early planning stage increased by 14%, according to Lodging Econometrics, Portsmouth, N.H.
Tag: Hotels
Hotel Construction Falls for Sixth Consecutive Month: CoStar
The number of hotel rooms under construction decreased year over year for a sixth consecutive month, according to CoStar, Arlington, Va.
CBRE Forecasts Modest Hotel RevPAR Growth
CBRE, Dallas, forecasts that hotel revenue per available room will grow modestly this year, driven in part by the continued outperformance of urban locations.
CBRE Forecasts Steady Hotel Sector Growth
CBRE, Dallas, forecasts that hotel revenue per available room will grow steadily in 2025 and urban locations will outperform due to improved travel and the recovery of inbound international travel.
Hotel Construction Rises for First Time in Nine Months, CoStar Finds
The volume of U.S. hotel rooms under construction grew year-over-year for the first time since last June, according to CoStar Group, Washington, D.C.
CBRE Forecasts Hotel RevPAR Growth, Fueled by Higher Rates, Stronger Demand
CBRE Hotels is forecasting hotel revenue per available room will continue to grow steadily this year, driven by improving group business, inbound international travel and traditional transient business demand.
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.
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.
Analysts Upgrade Hotel Forecast
STR and Tourism Economics upgraded their recovery timeline for U.S. hotel revenue per available room.
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.