CBRE predicts a recovery in RevPAR growth, reaching $101.20, 115% of pre-pandemic levels. Supported by modest ADR and occupancy increases amid economic fluctuations, the sector eyes a robust H2 2024.
Article - Holiday and International Travel to Drive U.S. RevPAR Growth in the Second Half of 2024, According to CBRE - CBRE s latest forecast projects a 2.0% increase in RevPAR growth for 2024, down from the 3.0% estimated in February 2024. RevPAR is now expected to grow by 3% for the remainder of the year, driven by international tourists, holiday travel and limited supply growth.
CBRE Hotels expects RevPAR growth in 2024 fueled by higher rates and stronger demand traveldailynews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from traveldailynews.com Daily Mail and Mail on Sunday newspapers.
CBRE Hotels expects RevPAR growth in 2024 hotelmanagement.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hotelmanagement.net Daily Mail and Mail on Sunday newspapers.