Executive Summary
U.S.
CBRE expects 2025 U.S. RevPAR to grow 2% given the outlook for mid-single-digit increases in inbound international visitation, modest increases in group demand and a slight improvement in business travel. Margins and profits likely will decline as expenses outpace total revenue growth.
Northern Latin America
Tourism in Northern Latin America (Mexico, Costa Rica and Colombia) is expected to continue recovering. Tourist arrivals to Mexico and Costa Rica were up by 7%…
