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CBRE HOTELS RECENTLY reduced U.S. hotel forecast as lodging demand dips amid soft leisure travel and slower corporate profit growth. The upcoming election in November and other economic factors led to the revisions. The research group now projects a 1.2 percent RevPAR increase for 2024, down from 2 percent in May. However, it expects a 2 percent RevPAR growth in the second half of 2024, up from 0.5 percent in the first half, driven by international tourism and election events. Lodging industry performance is closely linked to economic strength, with GDP growth generally correlating with RevPAR growth, CBRE said in a statement. The company forecasts 2.3 percent GDP growth and 3.2 percent average inflation for 2024. "We expect low single-digit RevPAR growth over the near-term as election-related events, growth in inbound international travel and an anticipated lower interest rate environment should support hotel demand," said Rachael Rothman, CBRE's head of hotel research and data analytics. "Challenges including weakening consumer spending and increased competition from short-term rentals, cruise lines and other lodging alternatives pose downside risks."

UÇAKLI MARDİN TURU (3 Gün, 2 Gece, 2 Gece Otel Konaklamalı) 20 Eylül Hareket-22 Eylül Dönüş. 2 Gece Otel Konaklamalı , X Tatil

THE BAIRD/STR Hotel Stock Index rose in March, continuing a trend from the previous month. Still, continued growth remains at risk by factors such as inflation and political unrest. The index increased 2.2 percent in March after rising 4.1 percent in February. It rose 2.4 percent year to date through the first three months of 2022. However, Baird/STR fell behind both the S&P 500, up 3.6 percent in March, and the MSCI US REIT Index, which rose 5.9 percent. The hotel brand sub-index rose 1.4 percent from February, while the Hotel REIT sub-index jumped 5.1 percent. "Hotel stocks increased in March but underperformed their benchmarks as stock market volatility eased and geopolitical concerns did not worsen," said Michael Bellisario, senior hotel research analyst and director at Baird. "Underlying hotel fundamentals continued to improve in March, and the outlook appears more favorable today than just one month ago despite all of the background noise in the stock market and with interest rates on the rise. Higher gas prices and heightened concerns about a slower growth backdrop have been topical with investors lately, but broader travel momentum and pent-up demand should keep the lodging recovery going over the near term, in our opinion."

DESPITE PROJECTIONS OF persistent inflation and a moderate economic recession, CBRE's November 2022 Hotel Horizons forecast calls for a 5.8 percent increase in RevPAR in 2023. This is up from CBRE's previous forecast of a 5.6 percent increase in RevPAR for 2023. Propelling CBRE's increased outlook for RevPAR is an expected 4.2 percent rise in ADR, driven in part by the continuation of above long-run average inflation. For 2023, CBRE is forecasting the Consumer Price Index in the U.S. to increase by 3.5 percent year over year. Inflation continues to have a mixed impact on the hotel industry, bolstering top-line growth while pressuring margins. Supply and Demand Inflation is also impacting development activity. The combination of rising construction material costs, a tight labor market, and high interest rates will serve to keep supply growth over the next five years 40 percent lower than historical trends. Instead of construction, we expect cash flows in the near term to be focused on debt reductions, renovations and remodels given the backlog of Capex that built up during the pandemic. Given its forecast for a 0.2 percent decline in 2023 gross domestic product, CBRE lowered its expectations for demand growth from 3.3 percent in their August 2022 forecasts to 2.9 percent in the November update. With the projected supply increase remaining at 1.2 percent for 2023, the net result is a reduction in CBRE's occupancy growth estimate for the year to 1.6 percent, down from the 2 percent increase previously forecast. The lowering of occupancy expectations will somewhat offset the enhanced outlook for ADR growth.

U.S. HOTEL PERFORMANCE rose from the previous week, while occupancy and RevPAR levels reached the second highest of the year, behind the week ending 18 March, according to STR's latest data through 22 April. Occupancy for the week ending April 22 came in at 67.2 percent, up from 64.2 percent the week before, and increased 2.3 percent than the comparable week in 2022. ADR stood at $155.76, up from $155.33 the previous week and 4.2 percent over the same period in 2022. RevPAR was $104.64, also up from $99.67 the week before and 6.6 percent rise over 2022. Among the Top 25 Markets, Chicago posted the highest year-over-year increases in each of the key performance metrics: occupancy rose 23.9 percent to 72.2 percent, while ADR increased 29.6 per cent to $174.71. RevPAR also rose 60.6 percent to $126.13. Notably, New York City (82.1 percent) and Las Vegas (80.8 percent) were the only two markets to report occupancy above 80 percent.

U.S. REVPAR IS expected to grow by 1.2 percent this year, down from the previously forecasted 2 percent, according to CBRE. Despite lower full-year projections, second-half growth is set to improve, with a 2 percent increase compared to 0.5 percent in the first half. CBRE's 2024 Global Midyear Hotels Outlook attributes these second-half growth projections to election-related events in the U.S., easier year-over-year comparisons, rising inbound international visitors, anticipated interest rate cuts, and a slight uptick in group and business travel. In the first half of 2024, RevPAR in 57 of the 65 U.S. markets tracked by CBRE returned to pre-pandemic levels. Most of the eight markets still lagging are in Northern California and the Upper Midwest. Major East Coast markets, including New York, Boston, Washington D.C., Atlanta and Miami, have surpassed 2019 levels.

STR AND TOURISM Economics updated their 2024-25 U.S. hotel forecast, raising projected occupancy by 0.2 percentage points and revising the previous forecast of a year-over-year decline. However, ADR gains were downgraded by 0.1 percentage points, while RevPAR remained unchanged at a 2 percent year-over-year increase. The occupancy growth projection for 2025 was also lifted by 0.2 percentage points, while ADR and RevPAR increases remained at 2 percent and 2.6 percent, respectively, STR and TE said in a joint statement. "Midscale and economy hotels are continuing to feel the effect of fewer lower-income travelers," said Amanda Hite, STR's president. "On the other hand, high-income households continue to travel, but domestic levels are constrained due to an increase in outbound travel. The stronger dollar continues to pressure international inbound demand, especially as the cost-of-living crisis continues in Europe and airlift rebuilds across Asia Pacific."

THE BAIRD/STR HOTEL Stock Index dropped 2.4 percent to 5,600, influenced by increasing interest rates affecting both real estate stocks and investor sentiment, according to STR. Moreover, U.S. hotel demand saw a 1.3 percent decrease in October, linked in part to a calendar shift. This marks the third consecutive month of stock decline after a surge in July. "Hotel stocks declined for the third straight month in October, aligning with broader market trends," said Michael Bellisario, senior hotel research analyst and director at Baird. "Elevated interest rates continued to drive performance, with real estate stocks bearing the brunt. Hotel REITs stood out as relative outperformers. The global hotel brands experienced a roughly 2 percent decrease, closely mirroring the S&P 500's retreat in October." In October, the Baird/STR Index fell behind the S&P 500, down 2.2 percent, but surpassed the MSCI US REIT Index, down 4.5 percent.

LAS VEGAS LED the top 25 markets in meetings and events growth for September, with a 34.2 percent year-over-year increase, according to Cendyn's Sales Intelligence platform, formerly Knowland. This marked its eighth consecutive month in the top five. Las Vegas meetings and events averaged 5,596 square feet with 209 attendees, driven by weddings, accounting for about 10 percent of event volume, and tech events like Oracle SuiteWorld, according to Cendyn. Anaheim ranked second, hosting education, national associations, and weddings. Across the top 25 markets, average space rose to 3,856 square feet with 130 attendees. The top five among the 25 leading markets were: Las Vegas (+34.2 percent): Weddings, technology, training/education, national associations and manufacturing. Anaheim-Santa Ana (+23.2 percent): Education, national associations, weddings, healthcare and consulting. Orlando (+22.9 percent): National associations, technology, healthcare, training/education and charity/non-profits/social services. New York (+21 percent): International government, finance/banking, charity/non-profits/social services, national associations and travel. Dallas (+18.6 percent): Healthcare, technology, consulting, finance/banking and education.

Perfect rain forest is the highest pleasure of adventure and challenge lover. There are many routes for trekking, something like, to tenuously superb waterfall--that has never been entered by everybody, or on top of Sky-scrapper Mountain--which just feisty someone will find there. These pathway might necessitate trekker to hike above one mountain and an additional, and take overnight camping for days. In reality, it is not that too hard if visitors take fine preparing. Walking in the pow Most of the trek is trekking in the pow even although it is flat. However, it is not easy to trekking. An untrained person needs to dress in suitable boots. Have to see toward with walk on the full-size rock by using the middle of foot stepping on the rock. The greatest routes is pursue the understanding persons. Trekking in the Jungle In the forest is fantastically humid with hot during the day as the airflow is not so well, in particular in the dale. You need to apply more power to alter the warmth. The troubles are the sticky; your sweat are not able to dried up speedy so will make you suffer uncomfortable. So if you be aware of fantastically burning, could do with to finish and rinse your face to settle down but not take a seat in the water. Be supposed to not wear thick clothes but be dressed in stretched covering shirt. Climb the Steep Hill as you necessitate to bring into play supplementary influence to climb up hill for 15 time weigh against to the flat. Take a deep inhale for added oxygen and come to an end shortly do not walk extremely fast. require to bring into play hands to hold the brushwood so will help your knee. Take some candy to offer supplementary power. Cramps Preventing What time you walk for several times, your body will lose more water then will source cramps. Cramps are from the strain in muscle so require to sit downstairs and put your legs higher to help the blood flows in good health. Take several salt to refresh the salt with the intention of

About Turkey Tour Package- 7 Nights and 8 days Included Services: * 2 nights accommodation in Istanbul at 4 star Ramada Atokay hotel * 2 nights accommodation in Cappadocia at 4 star Blue Valley Cave hotel * 2 nights accommodation in Pamukkale at 4 star Colossea hotel * 1 night accommodation in Izmir at 4 star Ilayda Avantgarde hotel * Meal plan as mentioned in the itinerary * Admission fees for all sightseeing mentioned in the itinerary * Transfer service from/to Airport and hotel on shared basis * Land transportation by air-conditioned, non-smoking vehicle Excluded Services: * Visa for Turkey if needed * International or domestic flights * Lunch / beverage * Tips to the guide and driver (optional) PACKAGE ITINERARY:- Day 1: Friday, Welcome to Istanbul. You will transferred from the airport to hotel and the remainder of the day is yours, free to explore Istanbul. Overnight Istanbul Day 2: Saturday, Istanbul Old City Tour the exotic city that spans both Europe and Asia visiting the Blue Mosque, the Hagia Sofia, Topkapi Palace and the Hippodrome. Overnight Istanbul (Breakfast) Day 3: Sunday, Ankara - Cappadocia After breakfast we drive towards the nation`s capital, Ankara to visit Anitkabir, the Mausoleum of the famed Mustafa Ataturk before continuing on to the surreal landscape of Cappadocia. Overnight Cappadocia (Breakfast, Dinner) Day 4: Monday, Goreme - Underground City Today we tour the Goreme open-air museum, Pasabag and Uchisar castle and Kaymakli underground city. Photo opportunities are everywhere so have your cameras ready! Carpet weaving has long traditions in Turkey and at the carpet village we learn how the carpets are made by hand what determines their value. Tonight, don`t miss the optional Turkish folklore evening featuring folklore and belly dancers. A night you won`t forget! Overnight Cappadocia (Breakfast, Dinner) Day 5: Tuesday, Konya - Pamukkale Leaving Cappadocia we head south along the ancient Silk Road just as

Skyline Holiday Cell No. 09823883366 | 09623883366 | 08806883366 Email : info@skylineholiday.com , skylineholiday2010@gmail.com www.skylineholiday.com www.skylinecarrentals.com WE PROVIDE ALL TRAVEL RELTAED SERVICES * All Types Car/Coach Hire Services. * Hotel Reservation Local & All over India. * Package Tour (Inbond/Outbond) * Guide Services Govt. Approved (Local & All Foreign Languages) * Passport & Visa assistant. * Cab rental Package tour, Car hire package tour, Taxi services for package tour. * Mumbai to Nashik, Trimbakeshwar, Shirdi, Shani shingnapur, Ajanta caves, Ellora caves , Car/cab hire, Coach/bus Rental, Taxi Services. * Kopargaon / Manmad to Shirdi Saibaba, Shani temple, Ellora caves, Ajanta caves, Aurangabad Car/cab hire, Coach/bus Rental, Taxi Services. * Kopargaon, Manmad to Shirdi , Nashik, Trimbakeshwar, Bhimashankar, Pune Car hire / rental, Taxi services. * Nashik, Trimbakeshwar, Shirdi, Shani Temple, Ellora Caves, Ajanta Caves, Aurangabad Car/cab hire, Coach/bus Rental, Taxi Services. * Pune to Shirdi, Shani temple, Ellora caves, Ajanta caves, Aurangabad Car/cab hire, Coach/bus Rental, Taxi Services. * Pune to Bhimashankar, Nashik, Trimbakeshwar temple, Shirdi, Shani temple, Ellora caves, Ajanta caves, Aurangabad Car/cab hire, Coach/bus Rental, Taxi Services. * Pune to Lonavala, Khandala, Bhimashankar Car/cab hire, Coach/bus Rental, Taxi Services. * Pune to Mahabaleshwar car/cab hire, Coach/bus rental, Taxi services. * Pune to Kolhapur, Goa, car/cab hire, Coach/bus rental, Taxi services, * From Aurangabad to Pune, Mumbai to Ashtavinayak Tour car/cab hire, Coach/bus rental, Taxi services, * Jyotirlinga Tour car/cab hire, Coach/bus rental, Taxi services, =================================================== Pune - Shirdi - Shani singnapur - Aurangabad - Ajanta Caves - Ellora caves Tour Package 3 night / 4 days Tourist Places covered : Pune to Shirdi - Sani Singanapu

Skyline Holiday Cell No. 09823883366 | 09623883366 | 08806883366 Email : info@skylineholiday.com , skylineholiday2010@gmail.com www.skylineholiday.com www.skylinecarrentals.com WE PROVIDE ALL TRAVEL RELTAED SERVICES * All Types Car/Coach Hire Services. * Hotel Reservation Local & All over India. * Package Tour (Inbond/Outbond) * Guide Services Govt. Approved (Local & All Foreign Languages) * Passport & Visa assistant. * Cab rental Package tour, Car hire package tour, Taxi services for package tour. * Mumbai to Nashik, Trimbakeshwar, Shirdi, Shani shingnapur, Ajanta caves, Ellora caves , Car/cab hire, Coach/bus Rental, Taxi Services. * Kopargaon / Manmad to Shirdi Saibaba, Shani temple, Ellora caves, Ajanta caves, Aurangabad Car/cab hire, Coach/bus Rental, Taxi Services. * Kopargaon, Manmad to Shirdi , Nashik, Trimbakeshwar, Bhimashankar, Pune Car hire / rental, Taxi services. * Nashik, Trimbakeshwar, Shirdi, Shani Temple, Ellora Caves, Ajanta Caves, Aurangabad Car/cab hire, Coach/bus Rental, Taxi Services. * Pune to Shirdi, Shani temple, Ellora caves, Ajanta caves, Aurangabad Car/cab hire, Coach/bus Rental, Taxi Services. * Pune to Bhimashankar, Nashik, Trimbakeshwar temple, Shirdi, Shani temple, Ellora caves, Ajanta caves, Aurangabad Car/cab hire, Coach/bus Rental, Taxi Services. * Pune to Lonavala, Khandala, Bhimashankar Car/cab hire, Coach/bus Rental, Taxi Services. * Pune to Mahabaleshwar car/cab hire, Coach/bus rental, Taxi services. * Pune to Kolhapur, Goa, car/cab hire, Coach/bus rental, Taxi services, * From Aurangabad to Pune, Mumbai to Ashtavinayak Tour car/cab hire, Coach/bus rental, Taxi services, * Jyotirlinga Tour car/cab hire, Coach/bus rental, Taxi services, =================================================== Pune - Shirdi - Shani singnapur - Aurangabad - Ajanta Caves - Ellora caves Tour Package 3 night / 4 days Tourist Places covered : Pune to Shirdi - Sani Singanapu

THE LEISURE AND hospitality sector saw some job growth in December, according to the Bureau of Labor Statistics' December employment report. Not enough, however, according to the U.S. Travel Association, meaning more federal aid is needed. The sector added 53,000 jobs during the month, according to the BLS data. The overall economy added 199,000 jobs. "Leisure and hospitality has added 2.6 million jobs in 2021, but employment in the industry is down by 1.2 million, or 7.2 percent, since February 2020," the report said. "Employment in food services and drinking places rose by 43,000 in December but is down by 653,000 since February 2020." However, the report indicates that the recovery is uneven, said Tori Emerson Barnes, USTA's executive vice president of public affairs and policy, in a statement. December's performance was the second-worst since January 2021, she said. "The small gains made are not enough to propel the sector toward a larger recovery, as more than 7 percent of all L&H jobs remain lost compared to just 2 percent for the rest of the U.S. economy," Barnes said. "As the spread of the omicron variant continues to impact travel, there remains a pressing need for Congress to provide additional federal relief and stabilizing policies that will enable the return of business travel, professional meetings and events, and international inbound travel."

U.S. HOTEL PERFORMANCE was down in the first week of 2023 compared to the week before mainly due to post-holiday seasonality and an unfavorable calendar shift, according to STR. Performance metrics for the week was down compared to same period in 2019 as it was a full business week. Occupancy was 47.2 percent for the week ending Jan. 7, down from 54.2 percent the week before and decreased 11.5 percent from 2019. ADR was $142.82 during the week, decreased from $167.21 the week before and up 11.2 percent from three years ago. RevPAR reached $67.40 in the first week of 2023, dipped from $90.63 the week before and down 1.5 percent from 2019. Orlando was the only STR top 25 market to report an occupancy increase, 2 percent to 71.3 percent, over 2019.

STEERED BY SEVERAL factors, including the strong performance by several hotel brands, the Baird/STR Hotel Stock Index increased 1.4 percent in April to a level of 5,430, STR said in a statement. Growth is slowing, STR said, but will continue for the next quarter or more. "Hotel stocks increased in April, and the gains were driven by outperformance from the global hotel brands," said Michael Bellisario, senior hotel research analyst and director at Baird. "RevPAR trends have remained solid in the face of growing macroeconomic uncertainties and continued banking turmoil, and first-quarter earnings generally have surprised to the upside with positive full-year estimate revisions occurring. The Hotel REITs declined more than 2 percent in April and underperformed the RMZ, while the global hotel brands gained just over 2.5 percent and outperformed the S&P 500's return by 100 bps." According to STR, the Baird/STR Hotel Stock Index fell slightly behind the S&P 500, which was up 1.5 percent in April but came in above the MSCI US REIT Index, up 0.7 percent. The hotel brand sub-index jumped 2.5 percent from March to 10,178, while the hotel REIT sub-index dropped 2.6 percent to 1,045, it added. "The industry continues to revert to normal patterns and calendar shifts with growth slowing as forecasted," said Amanda Hite, STR president. "Monthly demand fell year over year for the first time since the recovery began in April 2021, but that decrease can be attributed to an extra Sunday on the calendar this year versus last. Without the extra Sunday, which is historically a low-performance night, demand would have been slightly up from last year. ADR, on the other hand, grew 3.4 percent, while RevPAR was up 1.8 percent - the lowest increase of the recovery thus far. Despite slowing growth, we expect the industry to see further gains throughout the summer and fall."

U.S. HOTEL PERFORMANCE increased at the beginning of December as expected, compared to the last week of November, according to CoStar. Hotel occupancy, ADR, and RevPAR improved compared to the previous week. Occupancy increased to 54.2 percent for the week ending Dec. 2, up from the prior week's 49.4 percent, reflecting a year-over-year decrease of 1.6 percent. ADR rose to $144.88, compared to the previous week's $138.29, showing a 0.8percent uptick from the prior year. RevPAR also rose to $78.54, compared to the prior week's $68.32, marking a 0.8 percent decrease from the corresponding period in 2022. Among the top 25 markets, New York City saw the largest year-over-year increases in occupancy, rising by 6.8 percent to 83.5 percent, and RevPAR surged by 17.2 percent to $319.18. Las Vegas recorded the highest ADR increase, rising by 11.2 percent to $232.94.