• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Crystal Investment Property

The Northwest Hospitality Specialists

CIP "The Northwest Hospitality Specialist"
  • Home
  • About Us
    • Our Team
    • Consulting
    • Certified Hotel Broker
    • Hotel Brokers Int’l
  • Buying a Hotel
    • Available Properties
    • Buyers Overview
    • Buyers Services
    • Buying a Property – The Process
    • Find Your Investment Style
      • Property Overview
      • Bed & Breakfast
      • Boutique
      • Franchised
      • Full-Service
      • Select-Service
      • Independent
    • Confidentiality Agreement
    • Disclosures
    • Ready to Buy – Contact Form
  • Sellers
    • Sellers Overview
    • Sellers Services
    • Consulting
    • Selling a Property – The Process
  • Disclosures
  • News
    • Press Releases
    • COVID-19 Resources
  • Contact
    • Email Us
    • Ready to Buy – Contact Form
    • Ready to Sell – Contact Form
    • Property Valuation Analysis
    • Online Confidentiality Agreement
You are here: Home / CIP News / As Good as it Gets? Peaking Hospitality Sector Facing Mixed Outlook from Rising Supply, Growing Influence of Airbnb

As Good as it Gets? Peaking Hospitality Sector Facing Mixed Outlook from Rising Supply, Growing Influence of Airbnb

January 10, 2017 by CIP

Occupancy Levels Expected to Decline in 2017 After Eight-Year Growth Run As More Than 255,000 New Rooms Hit Market ikn 2017 and ’18

In its latest outlook for the U.S. lodging sector, CBRE Hotels’ Americas Research notes that the sector will continue to accrue benefits next year from achieving the industry’s all-time record occupancy record in 2016 of 65.4%.

However, a range of expected factors, from new hotel supply entering the market to the growing influence of Airbrb, is expected to impact hotel returns in 2017. New hotel openings will jump to 1,056 properties totaling 118,638 rooms in 2017 and 1,056 hotels totaling 138,580 rooms in 2018, just short of the 2008 peak of 1,341 hotels and 154,257 rooms, according to Lodging Econometrics.

CBRE forecasts the average daily rate (ADR) will increase 3.3% next year, a strong positive indicator but a lower ADR growth rate than in 2016, and a continuation of a trend since 2014.

Click <a href="http://www.costar generic indian viagra.com/News/Article/As-Good-as-it-Gets-Peaking-Lodging-Sector-Facing-Mixed-Outlook-from-Rising-Supply-Growing-Influence-of-Airbnb/187539″>here for full article

Filed Under: 2017, CIP News, Market Analysis

Property Search

Latest News

  • Hospitality Market Outlook for 2023
  • Crystal Investment Property Arranges The Sale of Chewuch Inn & Cabins
  • Crystal Investment Property Arranges The Sale Of River Run Inn & Cabins
  • Crystal Investment Property Facilitates The Sale of Eagle’s View Inn & Suites

Quick Links

  • Just For Buyers
  • Just For Sellers
  • Agency Disclosures
  • Legal
  • Site Map
  • Online Confidentiality Agreement

Proud Member

CIP is a member of Hotel Brokers International ORLA Logo Washington Hospitality Association Logo Montana Lodging and Hospitality Association Logo

CONTACT US

503-530-1316 {phone}

503-214-8539 {fax}


600 NE 99th Street

Vancouver, WA 98665


Office Hours:

Monday - Thursday

9:00 AM - 5:00 PM

Friday

By Appointment

Get Social With Us!

  • Facebook
  • Instagram
  • LinkedIn
  • YouTube

COPYRIGHT ©2021 CRYSTAL INVESTMENT PROPERTY, LLC. ALL RIGHTS RESERVED

Oregon Agency Disclosure | Washington Agency Disclosure | Idaho Agency Disclosure | Montana Agency Disclosure