Strong group and international travel demand will drive domestic hotel performance growth in 2024, resulting in positive investment fundamentals, hospitality-focused investment firm Newbond Holdings predicts.
Ian Gaum, partner at the New York City-headquartered firm, told Hotel Dive he expects “broad-based and healthy RevPAR growth in 2024” as well as occupancy “closer to pre-pandemic levels” bolstered by strong transient and group demand.
