Sunday, May 21, 2023
North America

CBRE Raises Hotel Performance Forecast for 2023

  • STR reported US RevPAR for the week ended May 13 was down -1.3% year over year, possibly impacted by Mother’s Day timing.
  • CBRE is again raising its forecast for hotel performance this year. The company has revised its forecast for 2023 RevPAR to $97.89, up 6.0% YOY and an increase of $0.43 from its previous forecast.
  • Hilton announced the opening of Canopy by Hilton San Francisco SoMA.

The DJIA ended Friday down 109 points while Nasdaq was down 31, the S&P 500fell 6 points and the 10-year treasury yield was up .04 to 3.69%. Lodging stocks were modestly lower. SOND was down -14% after rising in the past week on heavy insider buying. SLNA traded down -8% to another all-time low. STR reported US RevPAR for the week ended May 13 […]

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In Today's Issue - North America

Companies

AC Hotels by Marriott, Auberge Resorts Collection, Autograph Collection, Bluegreen Vacations Holding Corp, Cambria Hotels, Canopy by Hilton, CBRE Hotels, Choice Hotels International, Commonwealth Hotels, Courtyard by Marriott, Cronheim Hotel Capital, Curio Collection by Hilton, EOS Hospitality, Fairfield Inn & Suites, GD Holdings, Hampton by Hilton, Hard Rock International, Highgate, Hilton Garden Inn, Hilton Hotels & Resorts, Holiday Inn Express, HREC Investment Advisors, Hyatt Hotels Corporation, Hyatt House, Hyatt Place, Hyatt Regency, Iberostar, IHG Hotels & Resorts, InnVentures, JLL, Langham Hospitality Group, Magellan Development Group, Mandarin Oriental, Marcus & Millichap, Marriott International, Moxy Hotels, Mumford Company, My Place Hotels of America, Noble Investment Group, Ohana Real Estate Investors, Quorum Hotels & Resorts, Residence Inn by Marriott, Ritz-Carlton, Selina, Sonder Holdings Inc., Springboard Hospitality, St. Regis, TownePlace Suites, Trammell Crow Company, Varde Partners, Verakin Capital, Woodspring Suites

Locations

Alabama, Arizona, Atlanta, California, Chicago, Dallas, Florida, Illinois, Kansas, Kansas City, Kentucky, Los Angeles, Milwaukee, Nashville, New York City, North Carolina, Ohio, Orlando, Pennsylvania, Rhode Island, San Francisco, Tennessee, Texas