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

Lodging

hotel forecast revision of 2024. For 2024, projected gains in average daily rate (ADR) and revenue per available room (RevPAR) were each downgraded, -0.5 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.

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Profitability Amid Uncertainty: Why Hotels Rely on Revenue Management Technology

Lodging

This requires walking a fine line between minimalist operations and classic hotel service, and […] The post Profitability Amid Uncertainty: Why Hotels Rely on Revenue Management Technology appeared first on LODGING Magazine.

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CBRE Forecasts Modest RevPAR Growth in 2025

Lodging

DALLAS, TexasCBRE forecasted that revenue per available room (RevPAR) will grow modestly in 2025, driven by the continued outperformance of urban locations benefiting from increased group and business travel, as well as a projected rise in demand for drive-to and regional leisure destinations. CBRE projected a 1.3 CBRE projected a 1.3

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Rigorous Revenue Management: AI Tech Tools Take Pricing and Forecasting Accuracy to the Next Level

Lodging

Revenue management in the hotel industry has become a science over the last few years with pricing strategies that increasingly factor in supply/demand fluctuations and the development of automated revenue management systems (RMSs).

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CBRE Forecast Shows RevPAR to Increase in 2025

Lodging

DALLAS, TexasCBRE forecasted that revenue per available room (RevPAR) will continue to grow in 2025, as urban locations continue to outperform due to improved group and business travel and continued recovery of inbound international travel. CBRE forecasts a 2.0 CBRE forecasts a 2.0

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CBRE: U.S. Hotel Performance Expected to Accelerate at Year End

Lodging

hotel performance is expected to reaccelerate in the fourth quarter and extend into 2025, according to CBRE’s latest forecast. CBRE now forecasts a.5 5 percent increase in revenue per available room (RevPAR) growth for 2024, down from the previously estimated 1.2 percent in August.

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CoStar, TE Slightly Adjust Growth Projections in First U.S. Hotel Forecast of 2025

Lodging

hotel forecast of 2025 released at the Americas Lodging Investment Summit (ALIS). For 2025, projected gains in average daily rate (ADR) and revenue per available room (RevPAR) were unchanged from the previous forecast, +1.6 Hotel Forecast of 2025 appeared first on LODGING Magazine. percent and +1.8 percent, respectively.