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Articles by Alan Figot
Baltimore Hotel Market 2025+ Outlook - By David Fuller
This research article analyzes the performance of the hotel market in Baltimore for the trailing four quarters ending in Q3 2024, with a specific focus on key metrics such as occupancy, average rate (ADR), and revenue per available room (RevPAR). The report highlights the positive impact of the removal of approximately 2,500 hotel rooms from the downtown supply and discusses the potential for improved hotel performance in 2025.
Build or Buy? Profiling the U.S. Hotel Development Pipeline - By Robert Mandelbaum and Will Webster
According to CoStar, there were 1,264 properties with a combined total of 151,129 guestrooms under construction in the United States as of November 2024, which represents approximately 2.6% of the existing inventory of U.S. hotel rooms. For perspective, the average monthly ratio of rooms under construction to total inventory since 2019 is 2.9%.
Inbound International Travel Has Stalled at Roughly 90% of 2019 As of November - CBRE U.S. Hotels State of the UnionJanuary 2025 Edition
Economy CBRE raised its 2025 GDP forecast by another 10bps to 2.4%. This is above the long run average of 2.1%. Inflation is expected to be more persistent with a reacceleration from 2.3% in 1H25 to 2.6% in 2H25. The Fed Funds Target Rate is now expected to decrease to roughly 3.6% by the end of 2025, down 110 bps from the current level. RE revised its 2025 GDP growth estimate from a below-average 1.7% to an above-average 2.3%.
Ibis Tijuana Zona Río Hotel in Mexico Listed for Sale
Ibis Tijuana Zona Río Hotel - Image Credit Accor CBRE Hotels is soliciting offers to acquire the fee-simple interest in the Ibis Tijuana Zona Rio, Baja California. The property is located on Blvd. General Rodolfo Sánchez Taboada, offering easy access to key attractions such as Plaza Río Tijuana, Mercado Hidalgo, and the Centro Cultural Tijuana.
MCM Eleganté Hotel & Suites Lubbock in Lubbock, TX Listed for Sale
MCM Eleganté Hotel & Suites Lubbock - Image Credit CBRE CBRE Hotels is soliciting to acquire the fee-simple interest in the MCM Eleganté Hotel & Suites in Lubbock, Texas. The property is located just south of US-82, within walking distance of the Buddy Holly Performing Arts and Sciences, and several restaurant and recreation area.
Hyatt House Dallas Addison Hotel in Addison, TX Listed for Sale
Hyatt House Dallas Addison Hotel - Image Credit Hyatt CBRE Hotels is soliciting offers to acquire the fee-simple interest in the Hyatt House Dallas Addison in Addison, Texas. Located close to Addison Airport, the Galleria Dallas, and 30 minutes north of the center of Dallas, the 132-room hotel receives business from a diverse population of both corporate and leisure segments.
Navigating the New Era of Travel: Sports Tourism & Gig-Tripping in 2024, Slow Travel & Alternative Destinations in 2025
A Permanent Hotel Room In Paris Saint-Germain's Parc Des Princes - Image Credit Accor 2024 marked a boom in sports tourism and gig-tripping. 2025 is poised to see the rise of slow travel and alternative destinations, reflecting a shift in travelers’ priorities towards sustainability and unique experiences. According to a report from ALL, Accor's booking platform, 2024 marked a turning point for the global tourism sector after a challenging period due to the pandemic.
Gen Z Spearheads Surge in Buy Now, Plan Later Travel Bookings by over 20% Original
The 'Buy Now, Plan Later' (BNPL) travel booking model, primarily driven by Gen Z, grew by over 20% in 2024, making it a mainstream method of travel consumption. Hotel booking fulfillment rates within the BNPL segment have seen a 70% year-on-year increase.
U.S. Hotel Industry Marks Positive Start to 2025, CoStar Reports Original
Among the top 25 markets, Tampa showed the most significant occupancy rise - Image Credit Unsplash The U.S. hotel industry reported a positive start to 2025 with increased occupancy and revenue rates. Among the top 25 markets, Tampa showed the most significant occupancy rise, while New York City reported the highest boosts in average daily rate (ADR) and revenue per available room (RevPAR).
Sustainability Practices Help Control Hotel Utility Costs
Intelligent Investment By: Robert Mandelbaum and Alan Figot 5 Minute Read Ambitious climate and decarbonization efforts have heightened the demand for electrified and energy-efficient buildings. Regulatory frameworks are evolving from simple incentives to stringent compliance measures. Recently, states and cities have enacted building performance standards (BPS) that mandate energy performance and emissions reductions, as well as implementing benchmarking and transparency policies.
US Hotel Industry Sees Growth Amid Political and Environmental Factors in November 2024 Original
US Hotel Industry Sees Growth Amid Political and Environmental Factors in November 2024 - Image Credit Unsplash The US hotel industry saw an increase in revenue per available room (RevPAR) by 2.5% in November 2024, influenced by factors like the presidential election, hurricane recovery efforts, and an extra weekend. Hurricane recovery efforts significantly impacted the lower chain scales, and the Luxury segment led growth with an increase of 5.3% in RevPAR.
CBRE: Sustainability helps control hotel utility costs
PURSUING SUSTAINABILITY THROUGH ambitious climate and decarbonization efforts has heightened the demand for electrified and energy-efficient buildings. Regulatory frameworks are evolving from simple incentives to stringent compliance measures, according to an article from CBRE Hotels Research. Recently, states and cities have enacted building performance standards that mandate energy performance and emissions reductions, as well as implementing benchmarking and transparency policies.
Sustainability Practices Help Hoteliers Protect Their Bottom Line
Ambitious climate and decarbonization efforts have heightened the demand for electrified and energy-efficient buildings. Regulatory frameworks are evolving from simple incentives to stringent compliance measures. Recently, states and cities have enacted building performance standards (BPS) that mandate energy performance and emissions reductions, as well as implementing benchmarking and transparency policies.
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