CBRE Reduces U.S. Hotel Performance Forecast, Lodging Demand Softens
DALLAS, Texas—CBRE reduced its forecast for U.S. hotel performance this year as lodging demand softens due to weaker-than-expected leisure travel and slowing corporate profit growth. CBRE now projects a 1.2 percent increase in revenue per available room (RevPAR) growth for 2024, down from the 2.0 percent estimated in May 2024. Nevertheless, CBRE anticipates 2 percent year-over-year growth in RevPAR in the second half of 2024, up from 0.5 percent year-over-year growth in the first half, […]
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U.S. Hotel Results for Week Ending Dec. 14
WASHINGTON, DC—The U.S. hotel industry reported positive year-over-year performance comparisons, a
WaterWalk Holding Company Completes Successful Sale of WaterWalk Phoenix
WICHITA, Kansas—WaterWalk is pleased to announce the successful sale of its WaterWalk Phoenix Nort
MMGY: U.S. travel demand reaches four-year high
Accentuated by upticks in brand loyalty and outbound tourism, Americans expressed their strong appet
