Amidst a landscape of tightening monetary policies, the global commercial real estate market faced a sharp decline in investment during the second quarter of 2023, sending shockwaves across the industry. Read CBRE’s full report here.
In the ever-evolving landscape of the hotel industry, the second quarter of the year bore witness to a noticeable softening in fundamental metrics, marking a shift in the growth trajectory. CBRE shares the report.
In recent years, there has been a noticeable surge in the global interest among hotel guests, investors, owners, employees, and brands towards promoting responsible environmental practices, sustainable tourism, social welfare, corporate governance, and transparency. This growing awareness and concern have significantly raised customer and employee expectations within the hotel industry.
CBRE has just released a report on the outlook for the global hotel industry, as we move forward into 2023. They believe the hotel space is poised for a strong recovery, with the widespread normalization of travel patterns anticipated to return market fundamentals to pre-pandemic levels.
This analysis takes into account several factors that may have influenced loyalty program performance over the past decade, including accounting changes, brand mergers and acquisitions, and dynamic point pricing.
In the interview, Ken and Pam share their insights on the need for another hotel brand, the research they conducted before launching SCP, and whether the ESG brandwagon is overloaded.
CBRE forecasts that global investment volume will decrease by 11% in 2023 but still exceed pre-pandemic levels in 2019.
With the growing importance of ESG, it’s essential for the commercial real estate industry to prioritize these issues. This is where CBRE, the world’s largest commercial real estate firm, comes in. CBRE is dedicated to advancing ESG in its own operations and in its work for owners and occupiers of real estate.
CBRE assesses the global economic situation as of early 2023 and the outlook for commercial real estate, in the wake of a year marked by heightened geopolitical tensions, a disrupted energy market, rampant inflation, and central banks taking aggressive action to raise interest rates in 2022.
The processes in which we buy, sell, manage, and use commercial real estate alter as technology develops.
The COVID-19 pandemic accelerated the urgency for companies and individuals to act to protect the wellbeing of the planet, their communities, their employees, and in the case of hotels, their guests. As such, environmental, social and governance (ESG) initiatives have accelerated.
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