financeLodging Magazine··1 min·For: Owner, GM, Investor, Revenue, Ops
HAMA Releases Spring 2024 Industry Outlook Survey Results
The Hospitality Asset Managers Association (HAMA) released its Spring 2024 outlook, detailing sentiment on RevPAR growth, labor challenges, and capital expenditures.
Key Takeaways
- 1Monitor rising labor costs and insurance premiums, which remain the top concerns for asset managers in the 2024 outlook.
- 2Review capital expenditure plans as 60% of surveyed hotels are increasing renovation budgets to maintain brand standards.
- 3Anticipate a moderate RevPAR growth forecast of 2-4% for the remainder of the year despite macroeconomic headwinds.
Source: Lodging Magazine
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