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