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Waterparks Maintain Momentum in 2024 Amid Growth and New Opportunities

Hospitality Net

New growth is forecasted for indoor and outdoor waterparks in 2024 as several large-scale projects will open that will alter the waterpark landscape. These projects will continue to encourage existing properties to innovate and update to keep market share.

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Hotel development surge: Thousands of new projects poised to break ground

Hotel Business

As we look ahead, LE’s report offers a detailed forecast of the anticipated supply growth. Hotel projects within the upscale and upper-midscale chain scales are leading the way. These two chain scales combined account for a substantial majority of projects. hotel landscape. 0025 or info@lodgingeconometrics.com.

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HVMG reports record 2022 results

Hotel Business

HVMG outpaced the industry in RevPAR growth during 2022, as same-store market share grew 6.9%, capping off the company’s eighth straight year of positive consolidated Index growth, the company reports. That outperformance has continued into 2023 with same-store RevPAR growth forecasted to increase 30% over 2022 in the first quarter.

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CBRE: U.S. RevPAR, occupancy down in Feb.

Hotel Business

This is 61 basis points higher than previously forecast. Luxury and upper-upscale posted the only positive chain scale performance during the month, up 2.7% Food for thought Short-term rentals continued to take market share in February. CBRE expects first-quarter GDP growth of 2.1% year-over-year (YOY) in February.

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Hotel Star Reports: What are they and how to read them

SiteMinder

The company is the recognised leader in hotel industry benchmarking and provides market data including supply and demand and market share information on a global scale. is a hotel analytics company founded in 1985 as Smith Travel Research. In other words, the higher your index number, the better your hotel is performing.