2024 Hotel Industry Outlook Forecasting Increased Occupancy ...

US Hospitality Directions: hotel industry report - PwC

Consistent with our November 2023 outlook, we continue to expect annual occupancy for US hotels this year to increase marginally to 63.6 percent. With ...

STR, TE maintain 2024-25 U.S. hotel forecast

Occupancy for the year was upgraded 0.2 ppts, after the previous forecast projected a year-over-year decline in the metric. For 2025, the ...

2024 Global Midyear Hotels Outlook - CBRE

CBRE forecasts US RevPAR growing by 1.2% in 2024, down from its earlier expectation of 2.0% growth. Despite the reduced full-year expectations, RevPAR growth ...

STR, TE downgrade U.S. hotel forecast

For 2024, projected gains in average daily rate (ADR) and revenue per available room (RevPAR) were downgraded 1.0 percentage points and 2.1 ppts ...

STR Substantially Softens 2024 U.S. Hotel Forecast

STR and Tourism Economics for full-year 2025 projected U.S. hotel occupancy of 63.2 percent, with ADR increasing 2 percent year over year and ...

September 2024 Hotel Industry Outlook: Anticipating Accelerated ...

After twelve months of declining occupancy and improving ADR from April 2023 through March 2024, the U.S. lodging market appears to have ...

2024 Hotel Industry Outlook Forecasting Increased Occupancy ...

The US hotel industry achieved a 4.8% year-over-year increase in RevPAR in 2023. This exceeded the 2022 projection by 1.5% and brought the metric to a 13% ...

2024 Global Hotels Outlook | CBRE

CBRE forecasts short-term interest rates to decline by 100 bps in 2024, which should support higher hotel investment volumes. Trophy assets and ...

CBRE Cuts 2024 Hotel Forecast But Sees Rebound Ahead

CBRE Hotels Research on Thursday for the third time this year lowered its projected year-over-year increases for full-year 2024 U.S. average ...

Hotel Rate Growth Dips, but Rooms Revenue Projected To Hold ...

The forecast downgraded its average-daily-rate projection by 0.1 percentage points to 2% while upgrading occupancy by 0.2 percentage points to 63%.

Hospitality industry data and key statistics: 2024 update - EHL Insights

Room demand is set to reach an all-time high in 2024 according to STR research. · Siteminder predicted hotel occupancy will increase 2.5% ...

STR, Tourism Economics 'significantly' downgrade US hotel forecast ...

STR, Tourism Economics 'significantly' downgrade US hotel forecast for 2024-25 ... Higher cost of living is reducing lower-to-middle-income ...

Major markets will lead growth in 2025 | Hotel Management

According to the August 2024 edition of Hotel Horizons, the 65 major U.S. markets tracked by CBRE are forecast to achieve a revenue per ...

STR, TE maintain 2024-25 U.S. hotel forecast - Hospitality Net

Occupancy for the year was upgraded 0.2 ppts, after the previous forecast projected a year-over-year decline in the metric. For 2025, the ...

May 2024 Hotel Industry Outlook: Bright Spots and Challenges - HVS

The lodging industry is similarly challenged by mixed messages. A review of STR's monthly occupancy data for the U.S. indicates that the ...

U.S. Hotel Forecast

For 2024, the RevPAR growth projection was also lowered 0.5ppts on a 0.5ppt downgrade in occupancy. Average daily rate (ADR) was upgraded 0.1ppts for 2023 but ...

STR, Tourism Economics Downgrade US Hotel Forecast - CoStar

For 2024, projected gains in average daily rate (ADR) and revenue per available room (RevPAR) were downgraded 1.0 percentage points and 2.1 ppts ...

CBRE's 2024 U.S. Hotel Industry Outlook - Daily Lodging Report - Skift

CBRE anticipates continued growth in the US hotel industry in 2024, with a 3% RevPAR increase driven by recovery in international travel and strong segments ...

Hotel Industry Outlook 2024: Moving Steadily Forward - Hospitality Net

The U.S. lodging industry ended 2023 at 63.0% occupancy, a slight increase over 2022's 62.7%. Strong growth in the first quarter was offset ...

Hotel performance growth to decelerate into 2024: PwC - Hotel Dive

And RevPAR will continue to moderate during 2024, rising 2.7% year over year. PwC expects to see a gradual rebound in hotel occupancy rates ...