CBRE Projects U.S. RevPAR Growth of 2% This Year
Skift Take
CBRE predicts steady RevPAR growth of 2.0% in 2025, driven by urban market strength, increased travel, and economic recovery.
The DJIA plunged 749 points on Friday, while the Nasdaq was down 438, the S&P 500 fell 104 points, and the 10-year treasury yield was down .08 to 4.42%. Lodging stocks were lower. The two earnings names, SHO and RHP, were down -6% and -5%, respectively, while ABNB gave back -6% of their recent gains.
Ryman Hospitality reported a rare miss, attributing the shortfall to a leisure slowdown in the last two weeks of December. They also gave lower-than-expected guidance. 2025 will include renovations at Opryland, Texan, and the Palms. The Gaylord Pacific Resort and Convention Center will have its grand opening on May 15. The $1.3 billion Chula Vista, California property will be the largest hotel on the West Coast at 1,600 rooms and the sixth hotel under the Gaylord Hotels brand.
Sunstone Hotels reported a better-than-expected 4Q with in-line guidance for 2025. They bought back 100,000 shares in 4Q for $900,000. SHO said the Andaz Mia
