Hotel revpar in china for the week was up 2.2% year over year, up against a +43.9% year over year. Between 3q23 and 2q24 cbre positively revised its 2024 gdp forecast from 0.4% to 2.3%, +190bps.
Cbre forecasts that revpar will increase 3% year over year in 2024. Markets tracked by cbre are forecast to achieve a revenue per available room gain of.
Given The Typically Strong Correlation Between Gdp And.
Cbre’s baseline forecast anticipates 0.8% average gdp growth and 2.9% average inflation in 2024.
Despite Projections Of Persistent Inflation And A Moderate Economic Recession, Cbre’s November 2022 Hotel Horizons® Forecast Calls For A 5.8% Increase In Rooms Revenue.
Given the strong correlation between gdp and revpar.
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The Hilton Hotel Near The Airport Is Set To Close On August 28Th.
Hotel industry in 2024, with a 3% revpar increase driven by recovery in international travel and strong segments.
Despite A “Weaker Than Expected” First Quarter, Cbre Analysts Forecast An Uptick In International.
Cbre’s baseline forecast anticipates 0.8% average gdp growth and 2.9% average inflation in 2024.