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

Summary by LODGING Magazine
DALLAS, Texas—Despite facing challenges from subdued summer demand and a sluggish third quarter, U.S. 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 percent increase in revenue per available room (RevPAR) growth for 2024, down from the previously estimated 1.2 percent in August. This revision reflects a 40 basis point (bps) decrease in expecte…
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