the source for hotel and hospitality trends
As hotel operators recognize that investing in energy efficiency can lower operational costs and enhance cash flow, momentum for sustainability continues to grow.
After analyzing publicly available data from five large hotel companies, we found that while growth in several key metrics slowed in 2023, loyalty members’ overall contribution to occupancy increased, though marginal contribution per member contracted.
Throughout the latter part of the 20th century, golf was growing significantly in the United States. Not only was participation soaring, but new golf courses were being built at a record pace. In some years, development activity exceeded 400 new courses.
This report offers said research as well as potential solutions to the travel and hospitality industry’s gender equality and diversity challenges.
Our study assesses how equilibrium market outcomes change when firms benefiting from government subsidies compete against non-subsidized firms.
Parking revenues have increased by 23.1% from 2019 to 2023, based on a sample of U.S. properties in CBRE’s Trends in the Hotel Industry database, which is more than four times greater than the growth rate for total hotel revenues during that period.
Rolling forecasts are nothing new but I must point out that most hotels don’t use them, and they really should. It’s an incredibly useful tool that is literally worth its weight in gold.
Significant strides have been made since the early days of the soft brand movement and the segment has emerged stronger as an exciting trend for investors and consumers to consider.
July’s inflation reading supports CBRE’s view that the Fed will begin cutting interest rates in September. At 3.2%, core CPI was at its lowest rate since April 2021.
Now that’s a big statement to put out there, but I’m very confident that I’m pretty close to 100% correct with my observations. The reason why I’m so sure is that I know most hoteliers are not financial people and they are oblivious to the issue I am going to explain. On top of that – I see this all the time.