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CBRE Reduces U.S. Hotel Performance Forecast, Lodging Demand Softens

Lodging

DALLAS, Texas—CBRE reduced its forecast for U.S. Hotel Performance Forecast, Lodging Demand Softens appeared first on LODGING Magazine. 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 estimated in May 2024.

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AAA Predicts Second-Highest Domestic Holiday Travel Forecast Since 2000

Lodging

percent increase over last year and the second highest year-end travel forecast since 2000 when AAA began tracking holiday travel. This year-end holiday forecast, with an additional 2.5 […] The post AAA Predicts Second-Highest Domestic Holiday Travel Forecast Since 2000 appeared first on LODGING Magazine.

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STR, TE Downgrade U.S. Hotel Forecast in Final Revision of 2024

Lodging

hotel forecast revision of 2024. percent, after the previous forecast projected the metric to remain steady from 2023. percent, after the previous forecast projected the metric to remain steady from 2023. Hotel Forecast in Final Revision of 2024 appeared first on LODGING Magazine. percentage points to +1.5 ppts to +1.4

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HUNTER Conference Kicks Off With Market Report and Forecast

Lodging

No limits.” […] The post HUNTER Conference Kicks Off With Market Report and Forecast appeared first on LODGING Magazine. Lee Hunter, Chairman of the Hunter Hotel Investment Conference, shared, “This year’s conference theme comes about as a profound sense of purpose.

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The Best Sales Forecasting Models for Weathering Your Goals

Every sales forecasting model has a different strength and predictability method. Your future sales forecast? It’s recommended to test out which one is best for your team. This way, you’ll be able to further enhance – and optimize – your newly-developed pipeline. Sunny skies (and success) are just ahead!

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CBRE Raises Hotel Performance Forecast to Reflect Demand and Supply Growth

Lodging

DALLAS—CBRE is again raising its forecast for hotel performance this year, as stronger-than-expected demand and more modest supply growth drive occupancy gains. CBRE has revised its forecast for 2023 revenue per available room (RevPAR) to $97.89, up 6.0 from its previous forecast. percent year-over-year, and an increase of $0.43

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Webinar: Budgeting and Forecasting in the AI Era

Hospitality Net

Are you getting ready for budgeting and forecasting for 2025? Do you want to learn how to leverage consumer trends, market data, and your historical channel and audience information to develop a data-driven budgeting and forecasting methodology? Are you concerned that fewer guests are finding your hotel online?