CBRE Reduces U.S. Hotel Performance Forecast — LODGING

CBRE Reduces U.S. Hotel Performance Forecast — LODGING

Leave a Comment / 2024, August, August 2024, CBRE, Development, Featured, Finance, Finance & Development, hotel finance, Hotel Performance, market report, Market Reports, U.S. hotel performance /

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 […]

CBRE Reduces U.S. Hotel Performance Forecast — LODGING Read More »