Topic: Revenue Per Available Room
A new report from the firm cuts its outlook from positive to stable as RevPAR growth continues to slow—a trend that is likely to continue.
A recent analysis from CBRE Hotels Research noted that the U.S. economy and hotel performance are set to slow, but a recession isn’t in the cards quite yet.
RevPAR, TRevPAR and GOPPAR all saw declines during the month, according to recent data from HotStats.
Although current fundamentals appear solid, concerns about the future of the U.S. economy might make hoteliers nervous.
The groups have dropped their forecast for revenue per available room growth from 2 to 1.6 percent in 2019 and from 1.9 to 1.1 percent in 2020.
While the company's net system size grew 5.7 percent in the first six months of the year, RevPAR was only up 0.1 percent compared to H1 2018.
Chicago is a big winner for room rates next year, but New York will struggle due to supply additions, according to American Express Global Business Travel.
Wyndham Hotels & Resorts' second-quarter results revealed significant increases in revenue, largely due to its La Quinta acquisition.
The company is on track to expand the segment 15 percent in 2019, and luxury rooms account for half of the megachain's total construction pipeline.
June marked the second month in the past 112 (the other being September 2018) where revenue per available room decreased year-over-year.