According to the annual European Hotel Valuation Index (HVI) published this week by global hotel consultancy HVS, hotel values across Europe remained steady in 2023 buoyed by the consolidation of the post-pandemic recovery and a steady desire to travel keeping average room rates strong.
The American Automobile Association projects 115.2 million travelers will head 50 miles or more from home over the 10-day year-end holiday travel period.
55.4 million travelers will head 50 miles or more from home over the Thanksgiving holiday travel period. This year's Thanksgiving forecast is an increase of 2.3% over last year and marks the third-highest Thanksgiving forecast since AAA began tracking holiday travel in 2000. The top two years were 2005 and 2019, respectively.
According to new CBRE research, institutional investors are attracted to prime hotel assets in tier one markets across Asia Pacific, even though tourist arrivals in key destinations are only reaching 70-80% of pre-pandemic levels.
Posted on May 01, 2023