In 2007, CBRE introduced Trends® in the Hotel Spa Industry in response to the spa industry's rapid expansion within hotels and resorts and its relevance to hotels' bottom lines. For the second time in the history of the publication, spa revenue increased at a higher rate than rooms revenue and total operating revenue.
Despite the relatively high cost of construction and complexity of operations, developers are still attracted to owning and managing luxury hotels. As of August 2019, STR reports that just 0.7 percent of the hotels (2.
By Bram Gallagher and Aman Patel
Because federal government employees purchase a significant quantity of hotel rooms, the General Services Administration (GSA) has partnered with Federal Travel Regulation (FTR) compliant accommodations to provide federal travelers with per diem hotel room rates for select high-volume travel destinations in and outside of the Continental United States.
Hotel demand grew 2.0% nationally in Q4 2019, about 0.2% more than in Q2 on a year-over-year basis. Supply grew by 2.1%. National occupancy decreased 0.1% year-over-year to 61.8%. ADR grew by 0.7% year-over-year in Q4.
Once dismissed as a relatively inconsequential niche product and a distant cousin to traditional hotels, Short-Term Rentals (STRs) have become a widely accepted, mainstream form of nightly accommodation.
CBRE Issues U.S. Lodging And 2020-2021 Historic Hotels Forecast At Historic Hotels Of America Annual Conference
The outlook for the U.S. lodging industry continues to be less strong than prior years, according to CBRE Hotels Research (CBRE), but Historic Hotels RevPAR will be impacted less and be relatively stronger than other segments of the industry over the next two years.
Troy Craig joined CBRE Hotels in Australia and New Zealand as Regional Director Valuations and Advisory Services - CBRE Asia Pacific
CBRE Hotels in Australia and New Zealand – Sydney, Australia
CBRE Hotels – Atlanta, Georgia, United States
CBRE Hotels Australia – Sydney , Australia