After a year of 29% increase in revenue per available room, a metric used to measure the financial performance of hotels, hospitality investors have raised funds and are ready to transact. Yet, the bid-ask spread remains wide still, according to Brian Nordahl , executive vice president of CBRE Hotels. Nordahl – a 30-year-plus veteran in hospitality operations, consulting, and investments that recently joined the commercial real estate services and investment firm – believes the hospitality industry in Dallas will perform “stronger than the national average.” Despite the rising costs of inflation and the emergence of new shared accommodations options, Nordahl believes the industry will have a strong second half of the year if a pause in interest rates rising occurs. With the main drivers of demand for hospitality being business travel, personal travel and meeting and group travel, the industry as a whole has almost got it figured out, according to Nordahl. The 29% increase in RevPAR in 2022 is mainly due to increased demand from personal, meeting and group travel. The remote working side also opened up a new array of customer segments for the hospitality industry. For instance, hotels converted rooms into private offices and larger conference […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
