1、Intelligent Investment 2023 Global Hotels Outlook Sector-Specific Tailwinds Should Offset Broader Economic ChallengesCBRE RESEARCHMARCH 2023REPORT2CBRE RESEARCH2023 CBRE,INC.Intelligent Investment2023 Global Hotels OutlookExecutive SummaryOverview2023 U.S.Outlook2023 Caribbean Outlook2023 European O

2、utlook2023 Asia-Pacific Outlook030405070911Contents3CBRE RESEARCH2023 CBRE,INC.Intelligent Investment2023 Global Hotels OutlookExecutive Summary RevPAR has recovered in most regions and should continue to grow in 2023,bolstered by pent-up demand,the return of travelers from Asia and a normalization

3、of group travel trends.In the U.S.,sector-specific demand drivers will help offset broader consumer and business headwinds caused by the decelerating global economy.CBRE expects continued growth in the Caribbean all-inclusive segment given increasing flexible work patterns and group travel demand.In

4、 addition,2023 may be a tipping point in the balance of power between globally recognized hotel brands,tour operators and wholesalers,as chains continue to leverage their loyalty programs and marketing prowess.In Europe,CBRE predicts that average daily rate(ADR)growth will help offset the supply cha

5、in and labor shortages that together with inflation are raising costs for the industry.In Asia-Pacific,CBRE expects the recent lifting of travel restrictions and the return of travelers from mainland China will boost the regions hotel performance in 2023 and lead to a full recovery in RevPAR by 2024

6、.4CBRE RESEARCH2023 CBRE,INC.Intelligent Investment2023 Global Hotels OutlookOverviewWidespread normalization of global travel patterns should return hotel market fundamentals to pre-pandemic levels in 2023.Hotel RevPAR improved in all three global regions in 2022.RevPAR in the Americas hit 108%of p