CBRE Releases Global Hotel Investor Intentions Survey 2024

Total demand, measured in revenue passenger kilometers (RPKs), was up 13.8% compared to March 2023. Total capacity, measured in available seat kilometers (ASK), was up 12.3% year&on&year. The March load factor was 82.0% (+1.0ppt compared to March 2023).

The International Air Transport Association (IATA) released data for March 2024 global air cargo markets showing continuing strong annual growth in demand.

Reaches 604 Projects and 100,990 Rooms at Q1 2024

Foreign tourist arrivals and nights exceed 2019 levels in the first quarter of 2024 & Sporting events, high travel demand and inflation to drive tourist expenditure to record levels

U.S. Hotels still 193,600 jobs short of pre&pandemic levels amid economy&wide labor shortage