Northstar Meetings Group的动态

https://lnkd.in/geKrES6p ?STR?and?Tourism Economics?made significant downward adjustments to the 2024-25 U.S. hotel forecast. The latest revision reflects lower-than-expected performance thus far in 2024 as well as lessened growth projections for the remainder of the year. For 2024, projected gains in average daily rate (ADR) and revenue per available room (RevPAR) were downgraded 1.0 percentage points and 2.1 ppts, respectively. Occupancy for the year is now expected to decline after the?previous?forecast?projected year-over-year growth in the metric. For 2025, an occupancy growth projection was kept in place, but downward adjustments were once again made to ADR (-0.8 ppts) and RevPAR (-0.9 ppts).

STR and Tourism Economics forecast lower-than-anticipated U.S. hotel performance for 2024. Full story: #HOTELS #hotelnews #hospitality #hospitalitynews #hotelindustry #hospitalitynews #hotelperformance

Despite a robust growth in tourism, the #hospitality industry in the United States is expected to see lower growth than previously projected, mainly due to the change in the White House, says a report by hotel industry tracker STR. #IndiaOutbound #IndiaOutboundMagazine str_data Amanda Hite Aran Ryan

Demand for hotel accommodations will remain robust, supported by both business and leisure travel with increased F&B spend. 2024 had a 1.8% growth in RevPar, a growth rate that aligns closely with the projected 1.6% anticipated for 2025, suggesting a stable outlook and recovery post-pandemic. Despite inflationary pressures and economic uncertainties, the hotel sector has demonstrated resilience, driven by consistent demand and rate adjustments, strong leadership, and wise owners/operators such as PeachTree Group.

The travel industry is booming! Hotel occupancy rates are nearing pre-pandemic levels, and experts predict continued growth. Thinking about investing in a hotel? Here are some compelling stats: Occupancy on the Rise: U.S. hotel occupancy is expected to reach 63.6% in 2024, which is only 3.4% short of 2019's level. This signifies a strong recovery. (Source: PwC Projects U.S. Hotel Occupancy, Rate And RevPar To Rise In 2024) Revenue Growth on the Horizon: PwC also forecasts an average daily rate (ADR) of $160.16 for 2024, a 3% increase from last year. This translates to higher revenue per available room (RevPAR). (Source: PwC Projects U.S. Hotel Occupancy, Rate And RevPar To Rise In 2024) Group Business Returning: The American Hotel & Lodging Association (AHLA) reports that ""top 25 U.S. markets recovered 99.1% of business in the third quarter of 2023,"" particularly in meetings and events. This segment is expected to continue growing. (Source: 2024 Hotel Industry Outlook Forecasting Increased Occupancy, Revenue, and More) Travel and Tourism Poised for Growth: The World Travel & Tourism Council (WTTC) is projecting a record-breaking year for Travel & Tourism in 2024, signifying a continued increase in travel demand for lodging. (Source: Travel & Tourism set to Break All Records in 2024, reveals WTTC) Interested in exploring hotel investment opportunities? Let's chat. (801) 618-1769 APEX Commercial Real Estate Services #ApexCommercialRealEstate #ApexCommercial #CommercialRealEstate #Hotel #Hospitality #Invest #InvestmentProperty #HotelInvestment

Wondering what to expect from hotel sourcing this season? Cameron Spence and other industry experts share their thoughts in this article by Business Travel News ???? ??

Tis the season for hotel sourcing to begin. I like these top tips to consider from our friends at Business Travel News Europe. It can be overwhelming so don’t forget American Express Global Business Travel has a team of SME’s who can guide and manage all of your hotel sourcing needs. Good luck.

CBRE Hotels Adjusts Outlook for 2024 Due to Economic Conditions, Predicts Modest U.S. RevPAR Growth https://loom.ly/NuHm1PE #cbre #outlook #economic #growth #hospitality #hospitalitypodcast #hotel #investing #hoteldesign #travel #hospitalityindustry #hospitalitymanagement #hospitalitymarketing #hoteliers #hospitalitystrong #hospitalitylife #hospitalitybusiness #hotelindustry #hotelsandresorts #hotellife #hospitalitynews #novacancynews

I asked AI on Nov. 21 for a summary and the answer I received was: The lack of availability has significantly driven up hotel prices During peak seasons, prices can soar even higher, with average prices ranging from **$175 to $327** per night, depending on the hotel's amenities and location. This increase in prices can be attributed to the high demand and limited supply of hotel rooms, especially with the influx of international travelers and the use of some hotel rooms for migrant housing. Three days later this:

Interesting views from the CEOs of the main players in hospitality, subtle rather than massive growth triggered by inflationary impact and segmental shifts or segmental renaissance(s) and keeping the growth momentum! This also gives a strong indication of consumer behaviour for tourism in general. Some trends will remain more unpredictable. #NYUIHIIC #CEOPANEL #TRENDS #PREDICTIONS?#HOTELS #TOURISM