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AAA: Over 72 Million Travelers to Go 50 Miles or More for July 4th Week

Lodging

million people will travel at least 50 miles or more from home over the Independence Day holiday period from Saturday, June 28 to Sunday, July 6. This year’s domestic travel forecast is an increase of 1.7 million travelers compared to last year and 7 million more than in 2019. —AAA projects that 72.2

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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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AAA Predicts Second-Highest Domestic Holiday Travel Forecast Since 2000

Lodging

million travelers will head 50 miles or more from home over the 10-day year-end holiday travel period. This year’s total number of domestic travelers is a 2.2 percent increase over last year and the second highest year-end travel forecast since 2000 when AAA began tracking holiday travel. —AAA projects 115.2

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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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Business Travel Bounces Back: Spending Forecast to Hit Record

Skift Blog

Skift Take: Business travel is roaring back, with global spending projected to surpass pre-pandemic levels in dollar volume this year. Face-to-face wins. Sean O'Neill Read the Complete Story On Skift

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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 this year as lodging demand softens due to weaker-than-expected leisure travel and slowing corporate profit growth. Hotel Performance Forecast, Lodging Demand Softens appeared first on LODGING Magazine. CBRE now projects a 1.2 percent estimated in May 2024.

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AAA: 45.1 Million Travelers Expected to Go 50 Miles or More for Memorial Day Weekend

Lodging

million people will travel at least 50 miles from home over the Memorial Day holiday period from Thursday, May 22, to Monday, May 26. This years domestic travel forecast is an increase of 1.4 million travelers compared to last year and sets a new Memorial Day weekend record. WASHINGTON, D.C.AAA projects 45.1

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