Hotel owners and operators are adjusting their operational and branding strategies in response to increased labor and utility costs, limited new supply, and the extended peak of the interest rate cycle.
AAA is forecasting that 43.8 million people will travel 50 miles or more from home over the Memorial Day holiday period. This year's number of travelers represents a 4% increase from last year, approaching the 2005 record of 44 million Memorial Day travelers.
According to CBRE, strong domestic and international demand have established Korea as one of the top-performing hotel markets in the Asia Pacific region over the past two years.
Based on a new study from Clever Real Estate in collaboration with Rabbu.com, Tampa is the best U.S. city to invest in short-term rentals, while San Jose, California, is the riskiest short-term rental market in America.
Posted on May 01, 2023