hotel horizons

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hotel horizons

CBRE Research Forecasts Healthy RevPar Growth for U.S. Hotels in 2019 and 2020

CBRE Hotels | March 13, 2019

Greater Los Angeles area hotels are likely to experience another year of occupancy and room rate increases , driven by strong employment growth and travel demand Los Angeles – Mar. 13, 2019 – Continued favorable economic fundamentals are expected to lead to U.S. hotel rooms revenue per available room (RevPAR) growth of 2.5 percent in 2019 and 2.0 percent in 2020, according to the latest forecast from CBRE Hotels Americas Research. "Supply, demand and pricing in the U.S. lodging industry are very similar to what we have observed the past few years," said R. Mark Woodworth, senior managing director of CBRE Hotels Americas Rese...

U.S. Lodging Outlook Good Through 2020, Economic “Blip” Causes Slowdown In 2021 Before Returning to Positive Growth for 2022

CBRE Group, Inc. | February 25, 2019

Atlanta – February 25, 2019 – A favorable economic outlook will lead to continued growth in U.S. hotel revenues and profits through 2020. However, an economic slowdown in 2021 will cause a short-lived softening of lodging industry fundamentals that year. According to the March 2019 edition of Hotel Horizons®, CBRE Hotels Americas Research is forecasting U.S. hotel rooms revenue per available room (RevPAR) to increase by 2.5 percent in 2019 and an additional 2.0 percent in 2020. However, for 2021, CBRE is projecting a slight decline in RevPAR of 0.6 percent. Fortunately for hoteliers, that immediately is followed by 1.4 p...

Budgeting for 2019? Follow the Supply and the Economy

CBRE Group, Inc. | August 22, 2018

Atlanta – August 22, 2018 – New hotel rooms coming onto the U.S. market shouldn't be a concern for established hotel operators because demand will continue to exceed moderating new-supply levels through 2019, according to CBRE Hotels' Americas Research's recently released September 2018 Hotel Horizons® forecast report. CBRE Hotels Research forecasts that supply will peak at a 2.0 percent gain in 2018 and then stabilize at the long-run average of 1.9 percent for the next two years. Further, the number of projects entering all phases of the development pipeline is declining. "On a broad national basis, the supply increases...

The Outlook for U.S. Hotel Profits in 2018

Robert Mandelbaum | April 24, 2018

By Robert Mandelbaum and Bram Gallagher Ph.D. Since 2014, U.S. lodging industry owners and operators have seen a steady decline in the pace of revenue growth. In 2014, rooms revenue per available room (RevPAR) increased by a healthy 8.2 percent according to STR. Per the December 2017 edition of CBRE's Hotel Horizons®, RevPAR is forecast to increase by just 2.5 percent in 2018. Facing lackluster revenue growth, hotelier's sights are now focused further on down the operating statement to determine what the impact of slow top-line gains will be on bottom-line profits. To provide U.S. hotel owners and operators with a sense of expected ...

Supply Growth to Peak in 2018, Impacting Changes in Local Market Occupancy and ADR

CBRE Group, Inc. | February 21, 2018

Atlanta – February 21, 2018 – The supply of new hotel rooms entering the U.S. lodging markets will peak in 2018. Based on the recently released March 2018 edition of Hotel Horizons®, CBRE Hotels' Americas Research is forecasting the net addition of approximately 101,000 rooms to the U.S. lodging inventory during 2018, an increase of 2.0 percent over 2017 average annual daily supply. This is the largest number of new rooms to enter the market since the 130,000 rooms that came on line in 2009. "The national changes in supply are less than what we observed during the latter year cycles of the 1980s, 1990s and 2000s, so the ...

U.S. Lodging Industry Performance Appears to Be Sustainable

CBRE Group, Inc. | November 28, 2017

CBRE Research Forecasts Occupancy to Increase Through 2019 Atlanta – November 28, 2017 – The U.S. lodging industry is forecast to enjoy continued levels of record occupancy through 2019. If achieved, this will mark a 10-year period of uninterrupted growth in this key industry metric, something U.S. hoteliers have never experienced in the past 86 years. Based on the recently released December 2017 edition of Hotel Horizons®, CBRE Hotels' Americas Research is forecasting the annual average occupancy rate for U.S. hotels to hit 65.9 percent in 2017 and essentially remain at this level through the end of the decade. "Given t...

CBRE’s 2018 Hotel Industry Outlook Remains Positive with Continued, Albeit Slower, Growth Predicted

CBRE Group, Inc. | August 23, 2017

Atlanta – August 23, 2017 – The U.S. lodging industry will enjoy continued growth in all major metrics in 2018, albeit at a slower pace. Based on the recently released September 2017 editions of Hotel Horizons®, CBRE Hotels' Americas Research is forecasting year-over-year increases in occupancy, average daily room rate (ADR), rooms revenue (RevPAR), total operating revenue, and gross operating profits (GOP) from 2017 to 2018. "As hotel owners and operators begin the process of preparing their 2018 marketing plans and budgets it is vital that they receive critical inputs on what will drive industry performance," said R. M...

U.S. Hotel Revenue Growth Driven by Overlooked Sources in Lower Chain Scales and Secondary Markets

CBRE Group, Inc. | February 28, 2017

CBRE Hotels' Americas Research Forecasts 2.2 Percent RevPAR Compound Annual Growth Rate Through 2021 Atlanta – February 28, 2017 – U.S. hotels enjoyed another year of life at the performance peak in 2016 and are forecast to continue to live the high life in 2017. According to the recently released March 2017 Hotel Horizons® forecast report from CBRE Hotels' Americas Research, rooms revenue (RevPAR) grew for a seventh consecutive year in 2016, and the prospects for RevPAR growth are projected to be solid for the foreseeable future. What is surprising, however, is the impetus for sustained revenue expansion comes from some...

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