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California  + Hospitality  | 
Hotels comprised the most frequently auctioned distressed property type in 2021

CBRE Lifts 2018 US Lodging Forecast After Strong Q1

The outlook for the hospitality sector looks brighter, according to CBRE Hotels’ Americas Research. The latest findings were based on better-than-expected performance in the first quarter of 2018.

U.S. hotels enjoyed a 3.5% increase in revenue per available room (RevPAR) during the first quarter of 2018, according to STR. That exceeded the 2.5% RevPAR gain expected by CBRE for the period. Those numbers led CBRE to forecast a 2.8% annual increase in RevPAR for U.S. hotels in 2018, a 0.3 percentage point enhancement over the 2.5% mark predicted in CBRE’s Hotel Horizons report earlier this spring.

CBRE Hotels’ R. Mark Woodworth says, “We continue to be impressed by the ability of the U.S. economy to support demand growth for accommodations away from home. Helped by an expanding economy, first quarter 2018 lodging demand grew at 3%, a full 1.1 percentage points greater than anticipated. This sustains 33 consecutive quarters of demand growth, a streak that started in the first quarter of 2010.”

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

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