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CIRE Fall 2022 Issue
For 50 years, CCIM Institute has been a leader in CRE education.
As the lodging real estate cycle enters its second year of expansion, the hotel industry is booming. Guest room occupancy finished 2014 at 64.4 percent, while revenue per room posted an astounding 9.2 percent year over year increase, according to
Operating metrics in the lodging industry have rebounded smartly from the 2009 cycle bottom and have already or are close to exceeding pre recession peaks. Revenue per available room, or RevPAR, ran at a record high $68.69 in 2013 according
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