Exclusive Hotel Market Gains Momentum
LOS ANGELES-Jones Lang LaSalle predicts RevPAR growth in the local hotel market to grow from 5% to 10% this year. That's on top of the double-digit growth the sector has seen over the last two years, points out John Strauss, managing director, hotels, at the firm.
He also discusses:
- The supply and demand fundamentals that are driving RevPAR growth.
- The drivers of business travel in the area, as well as conventions.
- How leisure-travel demand will fare in the coming year.
Join us at the Hyatt Century Plaza Los Angeles, where we will be covering the major topics in commercial real estate nationally as well as what's going on across the property types in Los Angeles. RealShare Los Angeles attracts nearly 1000 commercial real estate executives and is your leading outlook event for the year at RealShare LOS ANGELES on March 25.