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CBRE expects RevPAR Growth to Improve in H2 2024, Driven by Holiday and International Travel

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.

Holiday and International Travel to Drive U.S. RevPAR Growth in the Second Half of 2024, According to CBRE

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 Expects U.S. RevPAR Growth to Improve in H2 2024, Driven by Holiday and International Travel

CBRE expects revenue per available room (RevPAR) growth to improve in the second half of 2024, following a weaker-than-expected first quarter.

CBRE Hotels expects RevPAR growth in 2024 fueled by higher rates and stronger demand

CBRE Hotels expects RevPAR growth in 2024