With decades of experience advising the hotel sector, Michael Shindler, President of Four Corners Advisors provides a comprehensive overview of key operating metrics, capital market trends, and growth projections for the remainder of 2023. His commentary synthesizes multiple industry data sources into a concise yet thorough analysis.
Some highlights from Michael's analysis:
- While the number of transactions declined by 36% in H1 2023 vs the same period last year, the average price per room held relatively steady.
- Occupancy, ADR, and RevPAR are all projected to increase through 2024, signaling ongoing recovery.
- New construction will be constrained by several factors: high costs and limited financing, tighter building regulations, and supply chain challenges. Positive implications for existing assets.
- Billions in hotel loans are maturing, presenting refinancing challenges. Defaults may rise.
Michael's seasoned perspective shines through as he identifies the most critical factors for hotel owners, lenders, and investors to watch moving forward. We're proud to feature his latest work and look forward to sharing more of Michael's invaluable insights in the future.
We are confident his analysis will provide an informative guide to navigating the hotel sector in 2023.
You may access Michael's full report here:
Cover image: freepik / wirestock 17116652
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