Market Overviews

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...

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...