CBRE Raises Hotel Performance Forecast Aligning With Q4 2022 Industry Gains
DALLAS—CBRE is raising its forecast for hotel performance on the heels of industry gains in Q4 2022 and the expectation of slightly positive GDP growth in 2023. CBRE has revised its forecast for 2023 revenue per available room (RevPAR) to $97.46, up 5.8 percent year-over-year, and an increase of $0.43 from its previous forecast. The positive revision is predicated on a roughly 30-basis-point increase in expected occupancy compared to the previous forecast issued in November […]
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