Our hotelAVE Hospitality Dashboard 3Q23 is now available!

• Q324 Total RevPAR finished up 3% versus Q323, however GOP margins were down 3% or 100 bps
• Despite the two recent interest rate cuts, increases on yields of five and ten-year treasuries negated the benefit for fixed rate borrowers
• 3Q24 growth in OTA, GDS, and Wholesale channels highlight a consumer looking for value; shadow inventory performance reflects this as well
• All categories of the supply pipeline grew versus 2Q24, and total active pipeline is 18.5% higher versus 3Q23
• Transaction market volumes remain muted, weighed down by high bridge interest rates, slowing fundamentals and (mainly defensive) renovation/capital expenditure requirements