Wellness tourism, which focuses on travel with the purpose of improving physical and psychological well-being, is the fastest growing segment within the global tourism market. The Global Wellness Institute, a non-profit research and educational resource for the world wellness industry, expects wellness tourism to grow by 44 percent by 2022. In 2017, wellness tourism was worth an estimated $639 billion. What’s more, wellness travelers spend more per trip than the average tourist, according to a recent report from Avison Young, “The Future of Wellness in Hospitality.”
HALL Structured Finance is an entrepreneurial, value-add, direct private lender that provides ground-up construction, adaptive reuse and major asset repositioning for commercial real estate projects throughout the United States.
As industry researchers expected, the 30+ days CMBS delinquency rate continued trending down in September. The all-property delinquency rate declined by 3 basis points during the month to 2.51 percent, according to Trepp LLC. The figure was 90 basis points below the rate recorded in September 2018. According to Fitch Ratings, the CMBS delinquency rate fell 4 basis points in September, to 1.69 percent.
The Wall Street Journal looks at the impact of a potential rate cut. WeWork invests in an electronic-gaming business, reports Bloomberg. These are among today's must reads from around the commercial real estate industry.
