推动酒店投资前景的三大力量.pdf

1、Three Forces Fueling The Hospitality Investment Outlook October 2024 John T.ChangJohn T.ChangSenior Vice President,National DirectorSenior Vice President,National DirectorMarcus&Millichap Research ServicesMarcus&Millichap Research Services/in/johnchang/in/johnchang/This is the source of the data.Tit

2、le 0%30%60%90%120%20202021202220232024*2025*BusinessLeisure*Forecast Sources:Marcus&Millichap Research Services,U.S.Travel Association Domestic And International Travel Is Recovering Expected to Continue Surpassing 2019 Levels 2019 Level0255075100201920202021202220232024*2025*85.2M+344%79.4MTotal In

3、ternational Arrivals to the U.S.Domestic Person-Trips0.0%1.5%3.0%4.5%6.0%2021222324*10-Year TreasuryFed Funds RateFed Rate Change4.75%-5.00%*Through October 4 Sources:Marcus&Millichap Research Services,Federal Reserve,CME Group Fed Begins Rate Cut Cycle With 50 Bps Drop;Wall Street Suggests Rates Do

4、wn By An Additional 50+Bps By End Of 2024 3.9%95%5%4%79%17%4%21%75%25 bps50 bps75 bps100 bps125-175 bps0 bpsThis is the source of the data.Title$614B$891B$816B$429B$539B$665B$725B$0$250$500$750$1,0002021222324*25*26*Through September;*Forecast Dry powder targeting North American real estate Sources:

5、Marcus&Millichap Research Services,Preqin,Mortgage Bankers Association Significant Pent-Up Capital Awaiting Deployment Mortgage Bankers Association Expects Lending To Increase$0$90$180$270$360Dry Powder Awaiting DeploymentCommercial Real Estate LendingThis is the source of the data.Title Senior Vice

6、 President,National DirectorMarcus&Millichap Research Services/in/johnchang/Access Leading Commercial Real Estate Research&Insights Three Forces Fueling The Hospitality Investment Outlook October 2024 John T.ChangJohn T.ChangSenior Vice Pre