HAMA members bullish about beating budgets

NASHVILLE, Tennessee – While there are some overall concerns ranging from demand to the impact of the coming U.S. presidential election, Hospitality Asset Managers Association (HAMA) members have a rather positive view of the industry through the near to mid-future, according to results from its Spring 2024 Industry Outlook Survey.

Highlighted results include:

• The top three issues of greatest concern are demand, wage increases and increased insurance costs.
• Slightly more than half (51.47%) of the respondents are contemplating a management and/or brand change.
• 83.83% of respondents believe RevPAR will return to U.S. hotels as a whole no later than 2025.

To download a copy of the survey findings, click here.

“Budgetary forecasts for both RevPAR and GOP are expected to exceed expectations in virtually every segment, from select-service through resorts, and more than 70% of respondents expect RevPAR to exceed 2019 levels,” added Sarah Gula, HAMA president.

Conducted in conjunction with HAMA'S 2024 Annual Spring Meeting that was held in Nashville, 68 asset managers, comprising approximately one-third of membership, participated in the survey.