Article - CBRE Hotels Releases Ten Year Analysis of Hotel Brand Performance - CBRE Hotels Research analyzed ten years of hotel brand performance for six large public hotel companies, encompassing over three million rooms or 60% of US supply as of year-end 2022. Revenue per available room (RevPAR) growth for only 10 of the 49 brands held by these six companies met or exceeded the 2.9% compound annual growth rate (CAGR) of the Consumer Price Index (CPI) from 2013 to 2022.
This week, Teague sits down for a deep dive on 2024 industry predictions with Rachael Rothman, Head of Hotels Research & Data Analytics at CBRE. Rachael shares CBRE s forecast on the macroeconomic impact on the hotel industry and whether or not a recession is on the horizon.
Article - Hotel Spas Fill In Revenue Void During Recession - By Robert Mandelbaum and Tim Dick - To assess the impact of hotel spa departments on recent hotel operations, we analyzed the performance of 139 U.S. hotels that operate a spa and participated in CBREs Trends survey each year from 2018 through 2022. In 2022, these 139 hotels averaged 63.5% occupancy, along with a $426.78 average daily rate (ADR).
Accor expands market leadership in global extended-stay segment - TravelDailyNews Asia & Pacific traveldailynews.asia - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from traveldailynews.asia Daily Mail and Mail on Sunday newspapers.