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Hospitality property fundamentals continued to improve last year, and that momentum should carry through 2024. Leisure travel spending in 2023 surpassed the pre-pandemic peak, and while household budgets have been squeezed by elevated inflation, many households continue to prioritize travel and...
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Midyear 2023 National Hospitality Market Reports "Travelers have continued to flock to hotels in greater numbers so far in 2023, as wage growth and consumer confidence largely offset inflation pressures in vacations and other trip planning. Roughly 634 million room nights have been booked through...
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Read the Full Article by The Real Deal Here Austin Between South by Southwest, the Formula 1 Grand Prix and seemingly every bachelorette party in the country, there’s no shortage of visitors in Austin. But occupancy rates remain well below pre-pandemic levels, and economic worries are only making...
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Projections for a Strong Summer Travel Season Bode Well for Hotel Performance Room demand approaching record high. Despite headwinds like widespread inflation, increased borrowing costs and a slow recovery of business travel, the U.S. hospitality industry has remained resilient. Summer air travel...
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Commercial real estate distress remains low. Following the failures of Silicon Valley Bank and Signature Bank, concerns surrounding high concentrations of commercial real estate portfolios held by local and regional banks has captured headlines. Outside of a few challenged segments, however,...
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The hospitality sector entered 2023 on comparably strong footing, with generally robust performance metrics supporting the sector. Domestic leisure travel has returned in force, lifting national occupancy above its long-term average and propelling daily room rates well beyond pre-pandemic figures...
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Softer Rate Hike Outlook Potentially Clears Some Hurdles for Investors Banking shock prompts Fed to take a more measured approach. At its March 22 meeting, the Federal Open Market Committee raised the federal funds rate for the ninth time in 12 months. The 25-basis-point hike matches the margin...
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Bank Closures Spur Capital Markets and Federal Reserve Recalibration Banking turmoil may encourage the Fed to tread carefully. Over the past year the Federal Reserve has aggressively increase interest rates in a bid to cool inflation, creating challenges for commercial real estate investors and...
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D Magazine : Executives at 91 firms employing more than 2,400 brokers told us who generated the most revenue for their companies. We asked the leaders of North Texas brokerages to tell us who generated the most revenue for their companies in 2022. The number of names they were allowed to submit was...
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citybiz | September 13, 2022 MMCC strengthens national hotel financing platform with hire of Pete Fehlman Marcus & Millichap Capital Corporation (MMCC) , a leading provider of commercial real estate capital markets financing solutions, is pleased to announce the hiring of Pete Fehlman as...
