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CBRE Forecasts Stronger Performance by the Hotel Industry

CBRE Forecasts Stronger Performance by the Hotel Industry

by Phil Hall | May 24, 2023 | Commercial Real Estate News, Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

CBRE Group (NYSE:CBRE) has raised its forecast for hotel performance this year, citing stronger-than-expected demand and more modest supply growth drive occupancy gains. In its revised forecast, CBRE is predicting 2023 revenue per available room (RevPAR) will reach...
Three New Luxury Hotels Planned for Saudi Capital

Three New Luxury Hotels Planned for Saudi Capital

by Phil Hall | May 15, 2023 | Commercial Real Estate News, Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

The French hospitality group Accor (OTC:ACCYY) has partnered with Saudi Arabia’s Erth Real Estate Co. on an endeavor to open three new luxury hotels in the Saudi capital of Riyadh. The hotels are part of new master planned development project and will include a...
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