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.
Tag: RevPAR
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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.
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CBRE: Hotel Revenue Growth Predicted for 2024 Despite Slower Q3
CBRE, Dallas, is forecasting a recovery in revenue per available room growth for hotels in 2024.
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Analysts Upgrade Hotel Forecast
STR and Tourism Economics upgraded their recovery timeline for U.S. hotel revenue per available room.
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Analysts Downgrade Hotel Outlook
Full recovery in U.S. hotel demand and room revenue remains unlikely until 2023 and 2024, respectively, said STR, Hendersonville, Tenn., and Tourism Economics, Wayne, Pa.
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Analysts Downgrade Hotel Forecast Again
STR and Tourism Economics once again updated their hotel sector forecast. They now expect a 57.5 percent revenue per available room decline this year and a 48 percent RevPAR increase next year.