Key Takeaways: - Economy Negative revision post forecast release poses risks to outlook. ... Short-term rental demand grew 6.0% in April again outpacing hotel demand. STRs continued to take share from hotels, with STR demand growing 6.0% compared with a 0.1% increase in hotel demand.
It offers customizable daily cleaning boards organized by zones or room types, supports various clean types, and forecasts housekeeping needs based on reservations. ... In response to growing demand for interoperability, RDP is expanding its open API offerings.
Group business has become a big driver of demand in the absence of the typical leisure and commercial sources. ... As a result, RevPAR is likely to stay stagnant or decline in many markets, as this supplemental group demand is typically lower rated than the leisure- or commercial-transient demand that is usually present
Given Q1 underperformance and elevated macroeconomic concerns, forecasted growth rates were lowered across the top-line metrics: supply (-0.1 ppts), demand (-0.6 ppts), ADR (-0.3 ppts) and RevPAR (-0.8 ... Until consumer confidence improves, however, demand is going to remain softer—especially in the middle and lower price tiers.
as a projected rise in demand for drive-to and regional leisure destinations. ... CBRE’s baseline forecasts do not contemplate an international war or a pervasive recession. CBRE also produces forecasts based on upside and downside scenarios.
According to the study, the U.S, the largest Travel & Tourism sector in the world, is the only country among 184 economies analysed by WTTC and Oxford Economics, forecast to see international visitor spending ... The world’s biggest Travel & Tourism economy is heading in the wrong direction, not because of a lack of demand, but because of a failure to act.
After travel demand collapsed in 2020, many markets saw an aggressive rebound in 2021–2022 driven by “revenge travel”—a surge of pent-up demand as soon as vaccines and lifted restrictions enabled people ... Personal Savings Trends The U.S. personal saving rate offers a macroeconomic lens to evaluate hotel demand.
U.S. hotel demand, measured in room nights. ... Group demand has been resilient in recent years, so any sustained downturn would warrant a reevaluation of the overall demand outlook.
Short-term rental demand grew 4.6% in February outpacing hotel demand. STRs continued to take share from hotels, with STR demand growing 4.6% compared with a 1.5% increase in hotel demand. ... This could be an indicator of slowing demand for travel in 2025. Find out more .
Short-term rental demand share reached 13.5% in January 2025 compared with 11.3% at the beginning of 2020. ... Food for Thought CBRE forecasts RevPAR growth of 2.0% in 2025 accelerating to 2.6% in 2026.
Corporate transient demand is expected to remain solid in the near term as pent-up demand from the election cycle is unlocked in the first half of the year. ... Similar to LARC’s U.S. forecast, our market level forecasts are structured on multi-variable regression models with a high level of historical accuracy.
CBRE’s baseline forecast includes a 2.4% GDP growth rate and average inflation of 2.5% for 2025. ... CBRE’s baseline forecasts do not contemplate an international war or a pervasive recession. CBRE also produces forecasts based on upside and downside scenarios.
Ginger Taggart, Vice President, Brand Management – Global Premium Brands, IHG Hotels & Resorts IHG forecasts that 70 percent of Crowne Plaza’s Americas estate will showcase updated designs by the end of ... Steady demand from owners and guests has furthered Crowne Plaza’s position among the world’s largest premium hotel brands, with more than 400* open properties in major global cities and resort locations
Uber, Amazon, and Just Eat have all capitalized on workers’ demand for flexibility, better pay structures, and on-demand employment models. Gig Economy vs. ... 1️⃣ Data-Driven Labor Forecasting Hotels must use predictive scheduling tools to align staffing with real-time demand.
Food for Thought GDS and group demand channels have fully recovered to 2019 levels in Q4. However, corporate demand grew 5.6% compared with 0.2% growth in group demand. ... Year-over-year, OTA demand growth outpaced Brand.com demand in Q4 for the second quarter in a row.
Demand Growth: Balancing Opportunities and Challenges Demand growth in 2025 is expected to remain subdued, influenced by decelerating consumer spending and persistent economic challenges. ... Adapting to these demand shifts will require a keen understanding of evolving traveler preferences.
Short-term rental demand grew 5.1% in November. STRs continued to take share from hotels, with demand growing 5.1% compared with a 0.8% increase in hotel demand. ... STR demand share reached a post-pandemic high for November of 14% compared with 13% a year ago.
Holiday Forecast Methodology Travel Forecast In cooperation with AAA, S&P Global Market Intelligence (SPGMI) developed a unique methodology to forecast actual domestic travel volumes. ... The travel forecast is reported in person-trips. In particular, AAA and SPGMI forecast the total U.S. holiday travel volume and expected mode of transportation.
forecast. ... CBRE’s baseline forecasts do not contemplate an international war or a pervasive recession. CBRE also produces forecasts based on upside and downside scenarios.
Current Trends October RevPAR increased 2.7% as demand shifted because of the election. ... Short-term rental demand grew 7.4% in October. Short-term rentals continued to take share from hotels, with demand growing 7.4% compared with a 0.8% increase in hotel demand.