CBRE Hotels' Americas Research annually surveys thousands of hotels' operating statements for our annual Trends® in the Hotel Industry report. In advance of the 2018 edition's early summer publication, we would like to share with EA clients the data tables from the report, along with some observations.
At CBRE Research’s annual conference last month, I joined Mark Carrier from BF Saul Hospitality group and Kate Henriksen from RLJ Lodging Trust to discuss the current cycle, peaking supply, the sharing economy, and more.
International occupancy is an important component of U.S. hotel demand, but exactly how important has not been well-established by data from trusted industry sources. Here, we used U.S. government statistics, city travel and tourism reports, and a set of assumptions to estimate international guest stays' demand contribution, for selected large cities and the nation. We found that international visitors consume a greater share of hotel room nights than you might expect.