U.S. Select|Service and Extended|Stay Hotel Outlook 2024

U.S. Select-Service and Extended-Stay Hotel Outlook 2024 - JLL

With the average yield for the combined select-service and extended-stay sector achieving a 10-year high through the first nine months of 2023 ...

Select service and extended stay hotels to hold strong investor ...

The sector's room supply nearly doubled between 1988 and 2023, and it will continue to dominate hotel companies' pipelines in 2024.

Extended-stay and select-service hotel trends in 2024 drive investor ...

That's according to a report from JLL, a professional services firm that specializes in real estate and investment management. Their research, reported in U.S. ...

2024 US Extended Stay National & 100 Largest Markets Report ...

The Highland Group's reports are the most comprehensive reports available on the extended-stay hotel industry. The reports segment the industry into three ...

Why the US hotel construction pipeline is still surging

Through Q1 2024, the U.S. hotel construction pipeline sat at 6,065 projects and 702,990 rooms, which signifies a 9% increase year-over-year in ...

Report: Q2 U.S. Ext.-Stay Hotel Performance Rebounds

Second-quarter US extended-stay occupancy increased 1 percent year over year to 78.1 percent, with the midprice and upscale tiers each increasing by 1.4 ...

US hotel construction pipeline grows to new highs — again

In Q2 2024, hotels in the total pipeline grew 9% annually, with extended stay remaining popular and upper midscale leading other segments, ...

U.S. Select-Service and Extended-Stay Hotel Outlook 2024

Select-service hotels now incorporate extended-stay amenities including in-room kitchenettes and flexible workspaces, while extended-stay hotels ...

US Hospitality Directions: hotel industry report - PwC

Consistent with our November 2023 outlook, we continue to expect annual occupancy for US hotels this year to increase marginally to 63.6 percent. With ...

U.S. Hotels State of the Union November 2024 Edition | CBRE

In September, short-term rentals continued to take share from hotels, with demand growing nearly 8% compared with a 0.1% contraction in hotel ...

U.S. Hotel Industry Overview 2024

Projected to reach over $426 billion in global revenue by the end of 2024, the industry is expected to maintain an annual growth rate of 3.7%, ...

HVS U.S. Hotel Development Cost Survey 2024

In 2023, the national lodging market continued to achieve high performance levels. While occupancy growth was minimal, compared to the level ...

U.S. Hotel Performance May Be Down But RevPAR Is Still Up

CBRE has lowered its U.S. hotel performance forecast for 2024 due to ... The new Home2 Suites will be developed as a 100+ room, extended-stay ...

U.S. hotel performance for July 2024 - STR

U.S. hotel performance for July 2024 · Occupancy: 68.8% (-0.5%) · Average daily rate (ADR): US$161.69 (+0.5%) · Revenue per available room (RevPAR): ...

US hotel investment sales volume expected to rise in 2024, as the ...

Hotel occupancy and RevPar hit a record high in 2023 and grew 2.0 percent in the first quarter of 2024. ... This outlook is based on a projected ...

U.S. Real Estate Market Outlook 2024 - Hotels - CBRE

Urban hotels are expected to outperform in 2024, while airport hotels will benefit from the increase in inbound international travelers. Resort properties, ...

Adam Lair on LinkedIn: U.S. Select-Service and Extended-Stay ...

Our U.S. Select-Service and Extended-Stay Hotel Trends and Outlook 2024 explores how the evolution of select-service and extended-stay ...

Navigating the Future of Extended-Stay Hotels: Opportunities and ...

The extended-stay hotel market is projected to grow from $18.33 billion in 2022 to $25 billion by 2027, at a compound annual growth rate of 6.5%.

Data Firms Offer Mixed 2024 U.S. Hotel Outlook

STR forecast 2024 occupancy to hit 63.6 percent, compared with 63 percent in 2023. The firm forecast occupancy growth would slow to reach 64 percent in 2025.

Choice Opens 500th Extended Stay Hotel as It Expands Portfolio - Skift

The franchisor said on Wednesday it had opened its 500th extended-stay property. America's hotel companies have been investing heavily in ...