CALABASAS, CA– Marcus & Millichap’s newly released North American Hospitality Investment Forecast predicts occupancy and revenue growth in 2018 as the tight labor market, tax reform and increased consumer spending drive demand. According to Pete Nichols, VP and national director of Hospitality for Marcus & Millichap, the improving fundamentals, combined with the cycle’s durability, should bolster investment activity.

“The coming year holds a particularly compelling outlook for hospitality investors,” Nichols highlights. “The extension of this economic cycle and the stimulative influence of the new tax law have the potential to substantively bolster both business and leisure travel. RevPAR has steadily increased over the past eight years, and though the pace of growth for both metrics has flattened, this is largely a factor of being at record levels.”

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