Projections of U.S. lodging industry recovery beginning in earnest during the second half of next year, according to CBRE’s latest hotel forecast.
The Australian hotel industry remains cautiously optimistic about medium-term investor appetite amid the COVID-19 pandemic, according to CBRE Research’s latest Hotel Market Survey.
The American HotelÊandÊLodging Association has released a new report that examines the rise of commercial activity taking place on Airbnb nationwide, and the study reveals that AirbnbÕs business is moving even further away from true home sharing.
New CBRE Hotels’ research shows that domestic purchasers spent just $3.2 billion on Australian hotel property over the same period – well under half of what was invested by their Asian counterparts.
Chinese investors have upped the ante in the Australian hotel sector, accounting for 42% of the $1.7 billion in hotel sales year-to-date according to new research from CBRE.
CBRE Hotels and Research report also shows Japanese hotel transaction volume recording a three-fold increase since 2012.
According to the March to May 2016 edition of Hotel Horizons, CBRE Hotels’ Americas Research is projecting a year-end 2016 occupancy level of 65.7 percent, 20 basis points greater than the record level of occupancy achieved in 2015.
Mr Martin-Henry joins CBRE after eight years with MSCI Inc, a leading provider of investment decision support tools worldwide.