Hotel industry outlook

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

“For 2025, higher growth is expected across both metrics due to lower labor costs, which are set to decrease slightly for a majority of the ...

2024 Global Midyear Hotels Outlook - CBRE

Despite a slight decrease in hotel occupancy in 2023, the sector achieved a 12.8% growth in occupancy in the first four months of 2024. The same ...

Why 2025 Could Be a Pivotal Year for US Hotels - CoStar

In the first quarter 2025, STR — CoStar's hospitality analytics division — and Tourism Economics forecast that U.S. hotel occupancy will grow ...

Hospitality industry stability for growth and success - PwC

Most subsectors of the US and global hospitality industries are expected to maintain growth at current levels through 2024 and at least part of 2025, with near ...

U.S. Real Estate Market Outlook 2024 - Hotels - CBRE

CBRE expects RevPAR growth of just 3.0% in 2024, supported by a 40-basis-point increase in occupancy and a 2.3% increase in ADR.

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

The projected market volume is set to reach an impressive US$1,063.00 billion by 2028, with revenue expected to display a steady annual growth ...

2024 Travel Industry Outlook | Deloitte US

Still, airlines and hospitality providers know they need to improve the experiences they offer or risk losing travelers' attention. The corporate comeback ...

Global Hotel Industry Outlook: U.S. Weakens - Skift

The global hotel industry is experiencing varied performance across regions in 2024, with some markets thriving while others struggle.

STR Substantially Softens 2024 U.S. Hotel Forecast

U.S. 2024 average daily rate now is projected to increase 2.1 year over year, down from the 3.1 percent forecast in January. Revenue per ...

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

The industry experienced a full twelve months of modest occupancy declines beginning in April 2023 and extending through March 2024.

U.S. Hotel Industry Midyear Review: Market Trends, Inflation Impact ...

For the near term and throughout the remainder of 2024, the demand for travel and lodging should remain moderate. The end of the year is ...

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 ...

The Future of Hospitality: Hotel Industry Trends 2024 - 2025

The global hospitality market is on track for remarkable expansion in the next three years, projected to reach USD 1,063 billion by 2028. This surge, reflecting ...

Hotel Industry Outlook 2024: Moving Steadily Forward - HVS

With inflation decelerating, fears of a recession receding, and supply growth muted, the overall outlook for U.S. hotel metrics in 2024 is ...

Lodging Analytics Research & Consulting (LARC)'s 3Q-2024 Hotel ...

LARC's Industry Outlook. Currently, for 2024, Lodging Analytics Research & Consulting (LARC) expects U.S. RevPAR to increase by 1.4% to $99.56, ...

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% ...

Hospitality Industry Should Fare Better Than US Economy in 2024 ...

CoStar's latest U.S. hotel industry forecast keeps RevPAR growth at 4.1%, which is flat compared to its most recent update, Hite said. The ...

Forecasters Cut Outlook for Hotel Demand - Skift

STR and Tourism Economics lowered their forecast for US hotel demand growth this week. The benchmarking firms now project a more modest 2.1% increase in ...

Hospitality industry looks strong for 2023 | EY - US

The hospitality industry has much to look forward to in 2023 as travel demand continues to grow faster than expected over the last few years. Consumer research ...