Commercial Real Estate's AI Journey: High Adoption, Low Achievement

Artificial intelligence (AI) is rapidly being adopted in the commercial real estate sector, with 88% of investors and landlords piloting AI projects. However, only 5% of these companies have achieved all their AI goals, highlighting a significant gap between adoption and successful implementation.
Source: New feed

Hotel Industry Shifts Focus: Renovation Over New Builds Amid Economic Challenges

HotelÊindustry leaders are shifting focus to renovating and repositioning existing properties to enhance value and drive revenue. This strategic pivot is driven by high financing costs, labor shortages, and a muted outlook for supply growth, prompting hoteliers to explore creative solutions, such as adaptive reuse and mixed-use developments.
Source: New feed