Skip to main content

New Forecast Points to a Positive 2018 for the Lodging Sector

Phil Hall
Aug 23, 2017
The U.S. lodging industry is expected to experience continued growth in all major metrics in 2018, according to CBRE Hotels’ Americas Research

The U.S. lodging industry is expected to experience continued growth in all major metrics in 2018, according to CBRE Hotels’ Americas Research, with year-over-year increases forecast in occupancy, average daily room rate (ADR) and rooms revenue (RevPAR). 
 
However, the growth is not expected to be excessive: CBRE is forecasting a 0.1 percent occupancy increase along with a 2.3 percent rise in ADR and a projected 2.4 percent boost to RevPAR during 2018. CBRE is also forecasting a two percent increase in the number of available rooms, with 52 of the 60 major markets tracked by the company projected to achieve occupancies above their long-run average.
 
“As hotel owners and operators begin the process of preparing their 2018 marketing plans and budgets it is vital that they receive critical inputs on what will drive industry performance,” said R. Mark Woodworth, senior managing director of CBRE Hotels’ Americas Research (CBRE). “Based on our analysis of the economic and operating environments, we believe that U.S. hotels will once again achieve record occupancy levels and continued growth in profits, during the upcoming year. The limited growth rates may be disappointing or even troubling for some industry participants. However, 2018 will mark the ninth consecutive year of rising occupancy, something we have not seen since the 1990s.”

 
Published
Aug 23, 2017
Anchor Loans Hires Andrew Jewett As SVP, Enterprise Sales

Formerly lead lending at Sundae Inc.

Industry News
Aug 02, 2021
Pretium Adds 3 Execs With Residential Credit Expertise

New Hires Will Serve As Managing Directors

Industry News
Aug 02, 2021
loanDepot And mellohome Introduce Home Services Bundle

loanDepot, Inc. and its sister company mellohome are launching a proprietary bundle of home buying and selling services.

Industry News
Jul 30, 2021
Gateway Mortgage Surpasses 165 Mortgage Centers With 10 New Additions

Gateway Mortgage reported significant growth in the company, prompting it to open 10 new locations across Colorado, Idaho, Oklahoma, Texas, Oregon, and Wyoming.

Industry News
Jul 30, 2021
FHFA Requires 30-Day Notice Prior To Eviction

Wednesday, the Federal Housing Finance Agency (FHFA) announced that tenants of multi-family properties must be given 30 days notice to vacate before the tenant is required to leave the premise.

Industry News
Jul 29, 2021
Houston-Based Stewart Acquires Title First Agency

Ohio-Based Agency Has 20 Offices And Operates in 32 States

Industry News
Jul 28, 2021