CBRE Forecasts Enhanced RevPAR Growth in 2023 Despite Economic Headwinds
Written by: Rachael Rothman and Matt Mowell Despite projections of persistent inflation and a moderate economic recession, CBRE’s November 2022 Hotel Horizons® forecast calls for a 5.8 percent increase in rooms revenue per available room (RevPAR) in 2023. This is…
The Road to Peak Hotel Occupancy Rates Has Many Forks, Bends
Presented by: Jamie Lane, CBRE Hotel industries across the world have endured plummeting downturns in room occupancy and staffing, and the worst may not yet be in the rear-view mirror. As we take stock of our losses to date, it…
How Hoteliers Can Streamline Labor Management throughout the 2019 Summer Season
Written by: Steve Pappas With the summer months in full swing, vacation season is booming — making it one of the busiest times of the year for the hospitality industry. And an influx in guests means a need for seasonal…