Cbre 2024 Hotel Forecast. Given the strong correlation between gdp and revpar. Economic uncertainty, an upcoming election and geopolitical tensions to likely impact hotel performance through 2025.
Cbre is forecasting a 3% increase in revpar overall in 2024, a 2.5% increase in adr and for occupancy to increase by 45 basis points. By contrast, if you were to invest.
Occupancy Will Inch Closer To Full Recovery At 98 Percent In 2024, According To Cbre’s Forecast, And Will Reach 100 Percent By 2025.
Hotel margins to remain under pressure in 2024 as its outlook for 0.7% employment growth and 2.5% growth in consumer price inflation are.
Cbre Hotels’ Americas Research Provides Thought Leadership, Historical Benchmarking Data And Econometric Forecasts For The Lodging Industry.
For 2024, cbre expects supply growth of just under 1%, with hotel supply projected to maintain a compound annual growth rate (cagr) of 0.87% over the next three years.
Despite Projections Of Persistent Inflation And A Moderate Economic Recession, Cbre’s November 2022 Hotel Horizons® Forecast Calls For A 5.8% Increase In Rooms Revenue.
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Cbre Is Forecasting A 3% Increase In Revpar Overall In 2024, A 2.5% Increase In Adr And For Occupancy To Increase By 45 Basis Points.
Upscale hotel assets are of particular interest to investors, as the luxury and upscale sectors are experiencing out performance, with revpar forecasted to increase.
Cbre Forecasts 2024 Revpar To Increase 3 Percent Year Over Year, Driven By Higher Occupancy And Adr.
Cbre is now “more optimistic” through q2 2024,.
Even As Covid Savings Start To Dwindle, Consumers Are Expected To Keep Traveling In Earnest Over The Next Year.
