JLL Hotel Momentum India (HMI) – Hospitality Monitor H1 2023
A significant rebound in hotel investment volumes.
the source for hotel and hospitality trends
A significant rebound in hotel investment volumes.
GBTA reveals regional outlook data and insights during its sold-out 2023 GBTA APAC Conference held this week in Singapore
The Meadowlands development in northern New Jersey features the Meadowlands Sports Complex, with the MetLife Stadium as a centerpiece, and hosts numerous major companies. This development is anticipated to strengthen its presence going forward with the addition of a convention center.
Although year-over-year growth has moderated from earlier this year, performance improvement in August was still a considerable achievement against stronger metrics from last summers revenge travel period.
Phoenix has exploded in growth over the last decade, developing a diverse and welcoming economy that has allowed the city and surrounding communities to outperform other top-25 markets.
U.S. hotel performance increased from the previous week according to CoStars latest data through 16 September.
In the past three years, the city of Richmond has seen significant growth in RevPAR, outpacing the regional area and the state of Virginia in the post-pandemic recovery period. This article provides an overview of Richmonds hotel performance and demand sources.
Lan Ha, Head of Economic Research at Euromonitor International, said Chinas post-pandemic economic recovery was slowing because of declining demand for the countrys exports and sluggish growth in domestic consumption. in 2023-2024 are higher than the 3.0% growth the country recorded in 2022. However, a growth rate of around 5.0% is significantly lower than the economys pre-pandemic trend, which averaged 7.7% annually during 2010-2019.
Average daily rate (ADR) expectations across the globe remain positive, while optimism for occupancy growth has slipped into the minority. This is true whether looking ahead to the short-term (three months into the future) or in medium-term predictions (12 months into the future).
Following seasonal patterns, the U.S. hotel industry reported lower performance results from the previous month but improved comparisons year over year.