Skyrocketing Costs Squeeze Event Budgets
Velvet Chainsaw
FEBRUARY 27, 2023
Travel costs are rising due to strong demand (led by the leisure sector). Despite projections of persistent inflation and a moderate economic recession, CBRE’s forecast calls for a close to 6% increase in rooms revenue per available room (RevPAR) in 2023.” Some of our clients are experiencing up to 30% increase in prices over 2022.
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