Negative Headlines Have Driven Consumer Sentiment to Near Covid Lows & CBRE U.S. Hotels State of the Union May 2025 Edition
While wage growth remained steady at 3.8% outpacing inflation by 144 bps in March, declines in the S&P, which is down 5.3% YTD, and flagging consumer confidence, which fell to 86 from 97.5 in April, could be a headwind to hotel demand going forward.
While wage growth remained steady at 3.8% outpacing inflation by 144 bps in March, declines in the S&P, which is down 5.3% YTD, and flagging consumer confidence, which fell to 86 from 97.5 in April, could be a headwind to hotel demand going forward.
