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U.S. Hotel Performance Impacted by Moderate Summer Demand; Growth Forecast to Improve in Q4, says CB…

by Robert Van Pash (Editor)
November 19, 2024
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  U.S. Hotel Performance Impacted by Moderate Summer Demand; Growth Forecast to Improve in Q4, says CBRE

Despite a slow summer and a sluggish third quarter, the U.S. hotel industry is predicted to see improved performance in the fourth quarter of 2024 and into 2025, according to the latest forecast by CBRE.

CBRE’s revised forecast anticipates a 0.5% increase in revenue per available room (RevPAR)…

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