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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 […]

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Analyzing the Impact of Higher Wage Rates and Workforce Trends

Analyzing the Impact of Higher Wage Rates and Workforce Trends

Leave a Comment / 2023, Employees, Finance, Finance & Development, labor challenges, Market Reports, May, May 2024, wage rates, wages, workforce, workforce trends /

The scarcity of employees has long been the primary labor concern for U.S. hoteliers, even before the onset of the COVID-19 pandemic. Historically, jobs in the lodging industry have had a negative perception as being too physically demanding, requiring excessively long hours, and requiring work on weekends and holidays. The shortage of personnel was exaggerated

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