Despite projections of persistent inflation and a moderate economic recession, CBRE’s November 2022 Hotel Horizons forecast calls for a 5.9 percent RevPAR increase in 2023—up from CBRE’s previous forecast of a 5.6 percent increase. Propelling CBRE’s revised outlook for RevPAR is an expected 4.2 percent rise in ADR, driven in part by the continuation of above long-run average inflation. For 2023, CBRE is forecasting the Consumer Price Index in the United States to increase by […]

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