DALLAS—According to CBRE, average daily rate (ADR) gained and a 35.1 percent year-over-year increase in hotel occupancy in Q3 2021, which showed demand for U.S. hotel stays endured in the face of the Delta COVID variant. Continued improvement in domestic travel and the rollback of many international travel restrictions have led CBRE to revise its forecast significantly upward in the near- and medium-term. Revenue per available room (RevPAR) is now forecast to reach 2019 nominal […]

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