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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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Midyear 2022 North American Hospitality Investment Forecast Report "The durability of hospitality investors cannot be overstated as the global pandemic begins to recede in the rear-view mirror. Finally, after two challenging years, performance metrics have begun to approach pre-pandemic levels...
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Small-Market and Affordable Hotels See Gains; Long Road to Recovery Lies Ahead for the Lodging Sector Hospitality’s progress slows amid spreading infection. Ho-tels, along with other businesses, began to see rising foot traffic in late spring as many cities initiated phased reopenings of their lo-...
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Summer Season Boosts Travel, Delivering Record Performance; Investor Caution Rising Amid Mixed Economic Outlook Hotel sector delivers record performance. Historically low unemploy-ment is contributing to higher wages and elevated consumer confidence, supporting record travel this year. Sentiment is...
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National Economy The new tax law could play a signifi cant role in shaping both the economy and hospitality demand in 2018. A reduction in the corporate tax rate will be a windfall for corporations, encouraging several companies to increase investment in hiring, wages and business travel as a means...
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Buyer Demand Accelerates in Upper Midwest Amid Healthy Performance Solid gains recorded in Upper Midwest region. During the year ending in June, re-spectable improvements in occupancy and revenue metrics were registered in the Up-per Midwest region, which contains Illinois, Iowa, Minnesota,...
