CBRE Downgrades Outlook For 2020 Due to Rising Impact of New Supply
CBRE’s Senior Managing Director Mark Woodworth and Senior Managing Economist Jamie Lane, discuss our updated lodging outlook for 2020. For the first time ever, non-traditional hotel room supply has outpaced that of traditional hotel rooms. Although occupancy levels remain attractive, relatively weak pricing power will make it difficult for hotel operators to grow profits going forward. Watch the November edition of Lodging Insights.
Lodging Insights November 2019