U.S. Hotels Expected to See Stronger RevPAR Growth in Second Half of 2024
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#d707fd48 ver:0.16
Despite a decline in hotel investment sales, U.S. hotels are expected to see stronger RevPAR growth in the second half of 2024. The decline in sales was attributed to a decrease in the number of trades and total dollar volume, but the sale price per room increased by 5%. The State of Florida had the highest number of trades, followed by New York, California, and Arizona. The hotel industry in the U.S. is experiencing a mixed recovery, with group business demand healthy and leisure demand thriving. In Dublin, hotel investment is expected to exceed €500 million, driven by strong demand in the hotel sector. CBRE projects 2% RevPAR growth for U.S. hotels in 2024. #hotelindustry #investment #RevPAR...
#newstr #Revpar #Cbre #HotelInvestment #Tourism #SupplyGrowth
https://here.news/story/d707fd48?ver=0.16
Hotel Investment Sales in the US Decline in Q1 2024 /
npub1k6…crzz4
2024-05-18 17:00:56
Author Public Key
npub1k6dtr09fyyzvq5h0ajc5xmh438wrrhhw0hyx9czsatl3ym6a3qrqmcrzz4Published at
2024-05-18 17:00:56Event JSON
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"content": "U.S. Hotels Expected to See Stronger RevPAR Growth in Second Half of 2024\n===============\t\n#d707fd48 ver:0.16\n\nDespite a decline in hotel investment sales, U.S. hotels are expected to see stronger RevPAR growth in the second half of 2024. The decline in sales was attributed to a decrease in the number of trades and total dollar volume, but the sale price per room increased by 5%. The State of Florida had the highest number of trades, followed by New York, California, and Arizona. The hotel industry in the U.S. is experiencing a mixed recovery, with group business demand healthy and leisure demand thriving. In Dublin, hotel investment is expected to exceed €500 million, driven by strong demand in the hotel sector. CBRE projects 2% RevPAR growth for U.S. hotels in 2024. #hotelindustry #investment #RevPAR...\n\n#newstr #Revpar #Cbre #HotelInvestment #Tourism #SupplyGrowth \n\n https://here.news/story/d707fd48?ver=0.16",
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