CBRE: U.S. Hotel Performance Expected to Accelerate at Year End
DALLAS, Texas—Despite facing challenges from subdued summer demand and a sluggish third quarter, U.S. hotel performance is expected to reaccelerate in the fourth quarter and extend into 2025, according to CBRE’s latest forecast. CBRE now forecasts a 0.5 percent increase in revenue per available room (RevPAR) growth for 2024, down from the previously estimated 1.2 percent in August. This revision reflects a 40 basis point (bps) decrease in expected occupancy compared to the prior forecast, […]
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As projected for election week, the U.S. hotel industry reported negative year-over-year (YOY) perfo
