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CBRE’s 2023 U.S. Real Estate Outlook: A Midyear Review

CBRE’s 2023 U.S. Real Estate Outlook Midyear Review, a evaluation of the forecasts made at the beginning of the year in light of unfolding economic and market dynamics. As the midway point of 2023 is reached, several key observations emerge. Notably, the resilience of the U.S. economy and the persistence of inflation have led CBRE to revise its original predictions, with the timing for a moderate recession now extended to the end of 2023, one quarter later than initially anticipated. Additionally, a promising outlook for commercial real estate is foreseen, with expectations of a recovery in investment volume and cap rate stabilization slated for the first half of 2024. However, the path to this recovery is not without its challenges, as CBRE projects a 37% year-over-year decline in investment volume for 2023, followed by a 15% rebound in 2024, while cap rates are set to expand, albeit at a slower pace, for the remainder of this year. For a deeper exploration of these insights and a comprehensive review of forecasts across major asset classes, readers are invited to delve further into the report to gain a comprehensive understanding of prevailing economic and macroenvironmental conditions. Explore the full report here

Hello…Hello …. Anyone there….??

The hotel industry, like many others, is grappling with unprecedented service and staffing challenges in the current landscape. This article explores the key challenges faced by the hotel industry in terms of service delivery and staffing, as well as potential solutions to address these issues.

New Guest Experiences (AND REVENUE!) found at the pool edge

Hotel and resort guests will forever inquire about what’s new, but what they’re really longing for are not new products per se, but new experiences. EdgeMate is a unique way to reimagine—the pool—the must-see, must-have attraction at most properties; the hub where relaxing, exercising, gathering, eating, and drinking are the expected norm.