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CBRE Hotels

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Namestring
CBRE Hotels
Legal namestring
CBRE Group, Inc.
Websiteurl
cbrehotels.com
Company typeenum
Public
Founded yearint
1902
Descriptiontext

CBRE Hotels is the dedicated hospitality service line of CBRE Group, Inc. (NYSE: CBRE), the world's largest commercial real estate services firm. CBRE Hotels delivers advisory, capital markets, valuation and asset management services for hotel and hospitality property owners, operators, lenders and investors across the Americas, EMEA and Asia Pacific. Its service modules include Capital Markets (hotel investment sales and debt & structured finance), Valuation & Advisory, Global Hotel Asset Management, and Forecasting & Data Tools / Hotels Research. The firm also covers adjacent leisure verticals through dedicated Gaming and Golf & Resort practices.

The underlying technology stack is anchored by CBRE Hotels Research, which maintains an industry-leading data and analytics platform: the Trends database covers revenue, expense and profit detail from 7,000+ national hotel properties; Hotels Horizons / the Investment Opportunities Platform provides on-demand KPIs (occupancy, ADR, RevPAR, supply, demand) across 65 markets and 435+ submarkets; Hotels Benchmarker delivers on-demand financial benchmarking for groups of hotels; and proprietary forecasting algorithms are developed by economists and data scientists with 40+ years of direct hospitality experience. Distribution is delivered via dedicated regional hospitality teams, the self-serve CBRE Deal Flow listing platform, and a content engine of research reports, the Weekly Take podcast and the Our Take newsletter.

Revenue is generated through four streams - Capital Markets advisory (transaction fees on $8.1B 2025 Investment Properties Volume), Valuation & Advisory (professional services fees), Global Hotel Asset Management (managed/asset-based fees for institutional owners), and Research & Consulting subscriptions (recurring). Customer segments are primarily institutional investors, lenders and financial institutions, with individual investors / private owners and hotel owners / operators as secondary segments. The 2025 transaction footprint of $13.1B combined Investment Properties and Financing Volume (per MSCI Real Assets) places CBRE Hotels at the scale end of the global hospitality capital markets advisor market.

Short descriptiontext

CBRE Hotels is the dedicated hospitality service line of CBRE Group, providing hotel investment sales, debt and structured finance, valuation, asset management, and research services to institutional investors, lenders, and hotel owners across the Americas, EMEA, and Asia Pacific.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
101–250
akta.pro rankint
HeadquartersLos Angeles, United States
HQ citystring
Los Angeles
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices6 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
hotel investment sales, hospitality advisory services, hotel valuation services, hotel asset management, lodging market research
Industry2 codes
1Hospitality Brokerage
CodeBPAJABAEPrimaryYes
2Hospitality (Hotels & Resorts) Asset Management
CodeBPAJAMAEPrimaryNo
SIC code2 codes
  • Real Estate Agents & Managers (For Others)6531
  • Mortgage Bankers & Loan Correspondents6162
Product category
Hospitality Real Estate Services
Social media profiles3 records
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model4 records
1Capital Markets Advisory
TypeTransaction Fee
Description

Revenue generated from hotel investment sales and financing transactions, including debt and structured finance placements for hotel owners and investors.

cbre.com
2Valuation & Advisory Services
TypeProfessional Services
Description

Fees from providing valuation, appraisal, and advisory hospitality services throughout the hotel investment lifecycle.

cbre.com
3Global Hotel Asset Management
TypeManaged Services
Description

Ongoing asset management fees for optimizing hotel investment performance and maximizing returns on behalf of institutional owners.

cbre.com
4Research & Consulting Subscriptions
TypeSubscription Recurring
Description

Revenue from market research reports, forecasting subscriptions, and data analytics tools (Trends, Benchmarker, Horizons) provided to hotel owners, investors, and industry participants.

cbre.com
Marketing channels7 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels4 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

CBRE Hotels provides specialized commercial real estate services for hotel and hospitality properties, including investment sales, debt and structured finance, valuation and advisory, and global hotel asset management. These services are supported by proprietary data and analytics platforms (Hotels Benchmarker, Trends database covering 7,000+ properties, and a Hotels Research Platform with KPIs for 65 markets and 435+ submarkets) and delivered through dedicated hospitality teams across the Americas, EMEA, and Asia Pacific.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 8 values shown
  • F&B revenue per occupied room increased 3.8% in H1 2025 vs. total hotel revenue growth of 3.0%
+7 more records
Product overview1 text field

CBRE Hotels is a service-oriented business offering comprehensive commercial real estate services for hotel and hospitality properties, not a unified software product. The portfolio consists of interconnected service modules including Capital Markets (investment sales), Valuation & Advisory, and Global Hotel Asset Management, supported by analytics products such as the Forecasting & Data Tools platform, Hotels Benchmarker online tool, Trends in the Hotel Industry research database (covering 7,000+ properties), and the Hotels Research Platform (65 markets, 435+ submarkets). Additional specialized services cover Gaming and Golf & Resort properties. These services are delivered through dedicated regional teams across Americas, EMEA, and Asia Pacific.

Product and service10 records
1Hotels (Capital Markets, Valuation & Advisory, Asset Management)
CategoryHospitality Real Estate Services
Description

Core CBRE Hotels service line providing investment properties, debt and structured finance, advisory, valuation, and research services for hotel properties across the Americas, EMEA, and Asia Pacific, serving institutional investors, lenders, hotel owners, and operators.

2Hotels Capital Markets
CategoryCapital Markets Advisory
Description

Investment sales and capital markets services for hotel properties, including acquisition and disposition advisory for hotel owners and investors.

3Hotels Valuation & Advisory
CategoryValuation & Advisory Services
Description

Valuation and advisory hospitality services covering the hotel investment lifecycle to protect and optimize client investment interests.

4Global Hotel Asset Management
CategoryAsset Management Services
Description

Ongoing asset management services for institutional hotel owners to optimize hotel investments and maximize returns across the global portfolio.

5Forecasting & Data Tools
CategoryMarket Intelligence & Analytics
Description

Market forecasting and analytics tools covering historical and future lodging industry performance, including supply, demand, occupancy, ADR, and RevPAR data across U.S. and global markets.

6Hotels Benchmarker
CategoryBenchmarking Analytics
Description

On-demand online benchmarking tool enabling users to analyze aggregated financial performance of a group of hotels against industry peers for operational benchmarking.

7Trends in the Hotel Industry
CategoryIndustry Research Database
Description

Annual research database providing detailed analysis of hotel revenues, expenses, and profits from over 7,000 national hotel properties, used to benchmark property performance against industry-wide averages.

8Hotels Research Platform
CategoryMarket Intelligence Platform
Description

On-demand data and analytics platform delivering key performance indicators for 65 markets and 435+ submarkets, including occupancy, ADR, and RevPAR data to support acquisition decisions and portfolio strategy.

9Gaming Real Estate Services
CategoryAlternative Hospitality Real Estate Services
Description

Comprehensive worldwide real estate services for gaming operations, including casinos, covering investment sales, advisory, financing, and valuation.

10Golf & Resort Real Estate Services
CategoryAlternative Hospitality Real Estate Services
Description

Advisory, property sales, financing, and valuation services exclusively for premier leisure properties including golf courses and resorts.

Scale indicator11 records

Each record includes

Type, Value, Description, Source

Recent move4 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

JLL's dedicated Hotels & Hospitality group offers investment sales, debt placement, valuation and asset management globally, making it the closest direct competitor to CBRE Hotels across the full hospitality real estate services stack.

TypeDirect peer
Description

HVS is the leading specialist in hotel valuation, feasibility, and consulting, competing directly with CBRE Hotels' Valuation & Advisory and research-led benchmarking offerings.

TypeDirect peer
Description

Eastdil is a real estate investment bank with a sizeable hospitality practice, directly competing with CBRE Hotels' Capital Markets and large-cap debt & structured finance mandates.

TypeDirect peer
Description

Hodges Ward Elliott is a boutique hotel investment sales and capital markets advisor, directly competing with CBRE Hotels for mid- and large-cap hotel transactions and financing placements.

TypeDirect peer
Description

RobertDouglas is a boutique hotel capital markets and advisory firm focused on full-service and luxury hotels, competing head-to-head with CBRE Hotels' investment sales and equity placement practice.

TypeBroad incumbent
Description

Cushman & Wakefield is a global CRE services firm with a dedicated Hospitality practice offering investment sales, valuation and asset management that overlaps with CBRE Hotels across all major service lines.

TypeBroad incumbent
Description

Colliers offers investment sales, valuation and advisory services within a broader global CRE platform, with a hospitality specialty that competes with CBRE Hotels especially in capital markets and advisory mandates.

TypeBroad incumbent
Description

Newmark is a publicly traded CRE services firm with an active hospitality investment sales and debt placement practice that competes with CBRE Hotels, particularly in U.S. mid-market hotel transactions.

TypeDirect peer
Description

Marcus & Millichap's IPA division focuses on institutional hotel investment sales, directly competing with CBRE Hotels for institutional capital markets mandates and large-portfolio dispositions.

TypeBroad incumbent
Description

Avison Young is a global CRE services firm with a hospitality investment sales and advisory practice that overlaps with CBRE Hotels, particularly in North American mid-market hotel brokerage.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment4 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile4 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature4 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles9 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries1 record

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

CBRE Hotels

Hospitality Real Estate Servicescbrehotels.com

CBRE Hotels is the dedicated hospitality service line of CBRE Group, providing hotel investment sales, debt and structured finance, valuation, asset management, and research services to institutional investors, lenders, and hotel owners across the Americas, EMEA, and Asia Pacific.

What CBRE Hotels does

CBRE Hotels is the dedicated hospitality service line of CBRE Group, Inc. (NYSE: CBRE), the world's largest commercial real estate services firm. CBRE Hotels delivers advisory, capital markets, valuation and asset management services for hotel and hospitality property owners, operators, lenders and investors across the Americas, EMEA and Asia Pacific. Its service modules include Capital Markets (hotel investment sales and debt & structured finance), Valuation & Advisory, Global Hotel Asset Management, and Forecasting & Data Tools / Hotels Research. The firm also covers adjacent leisure verticals through dedicated Gaming and Golf & Resort practices.

The underlying technology stack is anchored by CBRE Hotels Research, which maintains an industry-leading data and analytics platform: the Trends database covers revenue, expense and profit detail from 7,000+ national hotel properties; Hotels Horizons / the Investment Opportunities Platform provides on-demand KPIs (occupancy, ADR, RevPAR, supply, demand) across 65 markets and 435+ submarkets; Hotels Benchmarker delivers on-demand financial benchmarking for groups of hotels; and proprietary forecasting algorithms are developed by economists and data scientists with 40+ years of direct hospitality experience. Distribution is delivered via dedicated regional hospitality teams, the self-serve CBRE Deal Flow listing platform, and a content engine of research reports, the Weekly Take podcast and the Our Take newsletter.

Revenue is generated through four streams - Capital Markets advisory (transaction fees on $8.1B 2025 Investment Properties Volume), Valuation & Advisory (professional services fees), Global Hotel Asset Management (managed/asset-based fees for institutional owners), and Research & Consulting subscriptions (recurring). Customer segments are primarily institutional investors, lenders and financial institutions, with individual investors / private owners and hotel owners / operators as secondary segments. The 2025 transaction footprint of $13.1B combined Investment Properties and Financing Volume (per MSCI Real Assets) places CBRE Hotels at the scale end of the global hospitality capital markets advisor market.

CBRE Hotels firmographics

Firmographics
Name
CBRE Hotels
Legal name
CBRE Group, Inc.
Website
https://cbrehotels.com
Company type
Public
Founded year
1902
Operating status
Operating
Headcount range
101–250 employees
Short description
CBRE Hotels is the dedicated hospitality service line of CBRE Group, providing hotel investment sales, debt and structured finance, valuation, asset management, and research services to institutional investors, lenders, and hotel owners across the Americas, EMEA, and Asia Pacific.
Ownership category
akta.pro rank

CBRE Hotels industry classification

Industry
Product category
Hospitality Real Estate Services
SIC
Real Estate Agents & Managers (For Others) (6531), Mortgage Bankers & Loan Correspondents (6162)
akta.pro primary industry
Hospitality Brokerage (BPAJABAE)
akta.pro secondary industry
Hospitality (Hotels & Resorts) Asset Management (BPAJAMAE)

Keywords

  • Hotel investment sales
  • Hospitality advisory services
  • Hotel valuation services
  • Hotel asset management
  • Lodging market research

Where CBRE Hotels is headquartered

Location

Headquarters

HQ city
Los Angeles
HQ country
United States
HQ region
North America

Offices6 records

Markets served

CBRE Hotels business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

  1. Capital Markets Advisory: Revenue generated from hotel investment sales and financing transactions, including debt and structured finance placements for hotel owners and investors.
  2. Valuation & Advisory Services: Fees from providing valuation, appraisal, and advisory hospitality services throughout the hotel investment lifecycle.
  3. Global Hotel Asset Management: Ongoing asset management fees for optimizing hotel investment performance and maximizing returns on behalf of institutional owners.
  4. Research & Consulting Subscriptions: Revenue from market research reports, forecasting subscriptions, and data analytics tools (Trends, Benchmarker, Horizons) provided to hotel owners, investors, and industry participants.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

CBRE Hotels product offering

Product offering

Core offering

CBRE Hotels provides specialized commercial real estate services for hotel and hospitality properties, including investment sales, debt and structured finance, valuation and advisory, and global hotel asset management. These services are supported by proprietary data and analytics platforms (Hotels Benchmarker, Trends database covering 7,000+ properties, and a Hotels Research Platform with KPIs for 65 markets and 435+ submarkets) and delivered through dedicated hospitality teams across the Americas, EMEA, and Asia Pacific.

Product overview

CBRE Hotels is a service-oriented business offering comprehensive commercial real estate services for hotel and hospitality properties, not a unified software product. The portfolio consists of interconnected service modules including Capital Markets (investment sales), Valuation & Advisory, and Global Hotel Asset Management, supported by analytics products such as the Forecasting & Data Tools platform, Hotels Benchmarker online tool, Trends in the Hotel Industry research database (covering 7,000+ properties), and the Hotels Research Platform (65 markets, 435+ submarkets). Additional specialized services cover Gaming and Golf & Resort properties. These services are delivered through dedicated regional teams across Americas, EMEA, and Asia Pacific.

Differentiator

Problem solved

Functional benefit

Products and services

  • Hotels (Capital Markets, Valuation & Advisory, Asset Management) Core CBRE Hotels service line providing investment properties, debt and structured finance, advisory, valuation, and research services for hotel properties across the Americas, EMEA, and Asia Pacific, serving institutional investors, lenders, hotel owners, and operators.
  • Hotels Capital Markets Investment sales and capital markets services for hotel properties, including acquisition and disposition advisory for hotel owners and investors.
  • Hotels Valuation & Advisory Valuation and advisory hospitality services covering the hotel investment lifecycle to protect and optimize client investment interests.
  • Global Hotel Asset Management Ongoing asset management services for institutional hotel owners to optimize hotel investments and maximize returns across the global portfolio.
  • Forecasting & Data Tools Market forecasting and analytics tools covering historical and future lodging industry performance, including supply, demand, occupancy, ADR, and RevPAR data across U.S. and global markets.
  • Hotels Benchmarker On-demand online benchmarking tool enabling users to analyze aggregated financial performance of a group of hotels against industry peers for operational benchmarking.
  • Trends in the Hotel Industry Annual research database providing detailed analysis of hotel revenues, expenses, and profits from over 7,000 national hotel properties, used to benchmark property performance against industry-wide averages.
  • Hotels Research Platform On-demand data and analytics platform delivering key performance indicators for 65 markets and 435+ submarkets, including occupancy, ADR, and RevPAR data to support acquisition decisions and portfolio strategy.
  • Gaming Real Estate Services Comprehensive worldwide real estate services for gaming operations, including casinos, covering investment sales, advisory, financing, and valuation.
  • Golf & Resort Real Estate Services Advisory, property sales, financing, and valuation services exclusively for premier leisure properties including golf courses and resorts.

Quantifiable outcome

  • F&B revenue per occupied room increased 3.8% in H1 2025 vs. total hotel revenue growth of 3.0%
  • +7 more outcomes

Companies that use CBRE Hotels

Customer profile

Segments4 records

Ideal customer profiles4 records

CBRE Hotels technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature4 records

CBRE Hotels partnerships and signals

Strategic signal

Scale indicators11 records

Recent moves4 records

Expansion highlights5 records

CBRE Hotels competitors and assessment

Company assessment

Direct peers

  • JLL Hotels & Hospitality Group: JLL's dedicated Hotels & Hospitality group offers investment sales, debt placement, valuation and asset management globally, making it the closest direct competitor to CBRE Hotels across the full hospitality real estate services stack.
  • HVS: HVS is the leading specialist in hotel valuation, feasibility, and consulting, competing directly with CBRE Hotels' Valuation & Advisory and research-led benchmarking offerings.
  • Eastdil Secured: Eastdil is a real estate investment bank with a sizeable hospitality practice, directly competing with CBRE Hotels' Capital Markets and large-cap debt & structured finance mandates.
  • Hodges Ward Elliott: Hodges Ward Elliott is a boutique hotel investment sales and capital markets advisor, directly competing with CBRE Hotels for mid- and large-cap hotel transactions and financing placements.
  • RobertDouglas: RobertDouglas is a boutique hotel capital markets and advisory firm focused on full-service and luxury hotels, competing head-to-head with CBRE Hotels' investment sales and equity placement practice.
  • Marcus & Millichap / Institutional Property Advisors: Marcus & Millichap's IPA division focuses on institutional hotel investment sales, directly competing with CBRE Hotels for institutional capital markets mandates and large-portfolio dispositions.

Broad incumbents

  • Cushman & Wakefield (Hospitality): Cushman & Wakefield is a global CRE services firm with a dedicated Hospitality practice offering investment sales, valuation and asset management that overlaps with CBRE Hotels across all major service lines.
  • Colliers International (Hotels): Colliers offers investment sales, valuation and advisory services within a broader global CRE platform, with a hospitality specialty that competes with CBRE Hotels especially in capital markets and advisory mandates.
  • Newmark Group (Hospitality): Newmark is a publicly traded CRE services firm with an active hospitality investment sales and debt placement practice that competes with CBRE Hotels, particularly in U.S. mid-market hotel transactions.
  • Avison Young (Hospitality): Avison Young is a global CRE services firm with a hospitality investment sales and advisory practice that overlaps with CBRE Hotels, particularly in North American mid-market hotel brokerage.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

CBRE Hotels social profiles

Digital presence

CBRE Hotels financial estimates

Financial estimate

Revenue estimate

Valuation estimate

CBRE Hotels leadership team

Management profile

Number of profiles

Profiles9 records

CBRE Hotels subsidiaries and ownership

Company hierarchy

Subsidiaries1 record

CBRE Hotels funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

CBRE Hotels M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CBRE Hotels

What does CBRE Hotels do?

CBRE Hotels provides specialized commercial real estate services for hotel and hospitality properties, including investment sales, debt and structured finance, valuation and advisory, and global hotel asset management. These services are supported by proprietary data and analytics platforms (Hotels Benchmarker, Trends database covering 7,000+ properties, and a Hotels Research Platform with KPIs for 65 markets and 435+ submarkets) and delivered through dedicated hospitality teams across the Americas, EMEA, and Asia Pacific.

Is CBRE Hotels a public or private company?

CBRE Hotels is a public company. It is classified as public and is currently operating.

When was CBRE Hotels founded?

CBRE Hotels was founded in 1902. It employs 101 to 250 people.

Where is CBRE Hotels based?

CBRE Hotels is headquartered in Los Angeles, United States, in the North America region.

How does CBRE Hotels make money?

Four revenue lines are on record. Capital Markets Advisory is the primary driver. The others are valuation & Advisory Services, global Hotel Asset Management and research & Consulting Subscriptions.

Who are CBRE Hotels's main competitors?

Direct peers on record are JLL Hotels & Hospitality Group, HVS, Eastdil Secured, Hodges Ward Elliott, RobertDouglas and Marcus & Millichap / Institutional Property Advisors. Broad incumbents are Cushman & Wakefield (Hospitality), Colliers International (Hotels), Newmark Group (Hospitality) and Avison Young (Hospitality).

Does CBRE Hotels have an API?

No public API is recorded for CBRE Hotels.

What industry is CBRE Hotels in?

CBRE Hotels's product category is Hospitality Real Estate Services. Its primary akta.pro industry code is BPAJABAE, Hospitality Brokerage, with a secondary code of BPAJAMAE, Hospitality (Hotels & Resorts) Asset Management. Its SIC code is 6531.

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Live signals
RTE.ieFitzwilliam Hotel Belfast up for saleCBRE Hotels has confirmed the Fitzwilliam Hotel Belfast is up for sale with a guide price of over £32m. The 2009-owned, owner-operated property has 146 bedrooms and suites and is one of five five-star hotels registered with Tourism Northern Ireland. Planning permission was granted in June for an expansion adding 52 bedrooms, a conference centre, gym, spa and pool.InsidermediaLuxury five-star Belfast hotel brought to marketCBRE Hotels has brought The Fitzwilliam Hotel Belfast to market with a guide price exceeding £32m, offering investors the option to retain the name under licence or rebrand. The 146-bedroom, owner-operated property, opened in 2009, is adjacent to Belfast Grand Central Station and was named AA Hotel of the Year for Northern Ireland in 2019-2020. Planning permission granted in June 2026 allows expansion of 52 bedrooms, a conference centre, gym and spa.CbreFor Hotel Owners Loyalty Program Benefits and Costs Continue to RiseCBRE Hotels Research analyzed 4,187 U.S. hotels and found that guest loyalty program fees increased 3.9% from 2023 to 2024, outpacing growth in rooms occupied (1.3%) and rooms revenue (2.7%). Loyalty program fees averaged 2.2% of rooms revenue and were highest at upper-upscale hotels, with loyalty members contributing 52.8% of occupancy in 2024. Total loyalty membership across five major hotel chains grew 14.5% to more than 676 million members in 2024, while the loyalty point liability per member fell 5.3% year-over-year.CbreThe Cost of Franchising – Core and SoftCBRE Hotels Research analyzed franchise-related fees paid by 4,200 U.S. hotels in 2023 and 2024, finding that total franchise-related fees increased 3.5% from 2023 to 2024, outpacing rooms revenue growth of 2.7%. Guest loyalty program costs (up 3.9%) and reservation/marketing assessments (up 3.8%) drove the outsized increase, as these fees are frequently charged as a percentage of revenue. The analysis also found that mid-priced hotels bear the highest franchise fee burden relative to total operating revenue, and that soft-branded properties experienced greater revenue and fee growth than core-branded hotels during the period.CbreHOTEL CURRENTS™: Hotel Financial Performance in Central and Non-Central City Submarkets, 2018 and 2024A comparative analysis of hotel financial performance in 13 major U.S. metropolitan areas reveals that Central Business District (CBD) RevPAR growth lagged significantly behind adjacent and outlying submarkets between 2018 and 2024. The study, utilizing data from CBRE Hotels Research and Kalibri Labs, found that while most CBDs saw modest gains or declines, non-central markets experienced substantially higher growth rates, reflecting a post-pandemic shift in economic activity away from city centers.HotelbusinessIndustry data-trackers see positives for lodgingIndustry analysts from STR, CBRE Hotels, and Kalibri Labs project positive growth for the lodging sector in 2023, anticipating a rise in Revenue Per Available Room (RevPAR) despite a shallow recession. Key drivers include limited new hotel supply, an increase in average length of stay due to remote work trends, and steady recovery in business travel segments. These factors are expected to support profitability and long-term viability for the hotel industry ecosystem.CbreHotel Underwriting: Staying Above the WavesCBRE Hotels analyzes how rising debt costs impact hotel valuations, noting that each percentage point increase in interest rates reduces levered buyer values by 2.5 to 3 percentage points. Despite higher borrowing costs, hotel asset demand remains strong due to accelerated revenue per available room growth and significant uninvested capital in the commercial real estate sector.