The US Federal Reserve building is seen past caution tape in Washington, DC, on September 19, 2022. (STEFANI REYNOLDS/AFP via Getty Images) Holiday cheer never really infiltrated the US. commercial real estate finance sector. Entering the new year, the country’s CRE...
Hotel Outlook BCD projects average global hotel rates to increase by 6.8 percent year over year in 2024, according to the forecast. “Even as the pace of the recovery shows some signs of slowing, demand should continue to outpace available supply in many...
U.S. hotel companies and real estate investment trusts reported higher revenues from groups booking rooms in the third quarter. Business Transient Demand Slow and Steady Many publicly traded U.S. hotel companies and real estate investment trusts reported a pickup in...
One of the biggest challenges for PIPs and renovations right now comes down to aligning project costs with scope. “It’s difficult to always put your thumb on what pricing for specific products will be in today’s market and then in the future, so it’s important to...
Marriott International is launching a new brand for the Europe, Middle East and Africa market. Four Points Express by Sheraton, designed for the midscale segment, is a response to “growing consumer demand for reliable yet affordable accommodation” in the region, the...
