DALLAS, Texas—CBRE expects revenue per available room (RevPAR) growth to improve in the second half of 2024, following a weaker-than-expected first quarter. CBRE’s latest forecast projects a 2.0 percent increase in RevPAR growth for 2024, down from the 3.0 percent estimated in February 2024. RevPAR is now expected to grow by 3 percent for the remainder of the year, driven by international tourists, holiday travel, and limited supply growth. CBRE forecasts GDP growth of 2.3 […]

The post CBRE: RevPAR Growth Predicted to Improve in the Second Half of 2024 appeared first on LODGING Magazine.

This post was originally published on this site