New Forecast: $11 Billion Drop in International Visitor Spending Raises Stakes for Congress After Midterms
Why this matters
Hospitality has separated by chain scale and demand segment, with luxury and resort outperforming and select-service holding pricing power on a leaner cost base. New construction starts remain at multi-decade lows, which has supported in-place RevPAR and made conversions of soft-branded flags an increasingly active part of transaction velocity. For sponsors with operational expertise, the sector continues to offer one of the more compelling income-plus-appreciation profiles available across CRE.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- Disclosed hospitality deal value tracked in November 2026: $50M across 2 reported transactions. All Hospitality coverage →
Computed from Real Estate Trail’s own tracked coverage
U.S. Travel Association projects an $11B drop in inflation-adjusted international visitor spending in 2026, with the U.S. share of global long-haul arrivals falling to 7.7% as France, Spain and Japan post double-digit…
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