CBRE expects 2024 RevPAR to be bolstered by a 0.2% increase in occupancy and a 1.7% increase in ADR, driven primarily by growth in group, business transient and international travel. Urban and airport locations are expected to outperform in 2024.
Weak Q1 Caused CBRE to Reduce 2024 RevPAR Growth Forecast from 3% to 2% & CBRE U.S. Hotels State of the Union June 2024 Edition
- Categories: Hotels
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