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Briefs: CBRE forecast for ’22; Steigenberger-Porsche brand details

CBRE predicts US RevPAR +15% in 2022: CBRE is forecasting an 8% rise in occupancy in 2022, along with a 7.1% increase to ADR. The net result is a 15.6% forecast increase in RevPAR for 2022. Beyond 2022, U.S. national occupancy is expected to reach the long-run average of 62% in 2023. Sunbelt cities and drive-to leisure destinations are slated to perform better, while group-oriented hotels, gateway cities depending on inbound international travel and northern markets are expected to lag in performance. According to CBRE, nominal ADR levels will reach the previous peak by Q2 2023. On a combined basis,…
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