Hotel performance in 2024

US Hospitality Directions: hotel industry report - PwC

Economic uncertainty, an upcoming election and geopolitical tensions to likely impact hotel performance through 2025. Growth in leisure demand has moderated ...

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 ...

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 ...

Hotel Brand Performance 2024 | CBRE

Hotel Brand Performance 2024 · Slowing RevPAR Growth Makes Hotel Brand Selection More Critical · Executive Summary · Brand Growth & Benefits.

U.S. hotel commentary - May 2024 - STR

Occupancy: 65.7% (+1.5%); Average daily rate (ADR): US$160.40 (+2.4%); Revenue per available room (RevPAR): US$105.46 (+4.0%). Bottom- ...

STR Substantially Softens 2024 U.S. Hotel Forecast

STR now projects full-year 2024 US occupancy of 62.8 percent, markedly lower than the 63.6 percent the company forecast in January, its most recent.

An Unpredictable Market with Silver Linings: Hotel Performance in ...

Although global hotel revenue per available room (RevPAR) stayed high during the first half of 2024 – 13.2% above 2019 levels – demand is ...

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

STR now predicts that US RevPAR will grow 2% in 2024, and 2.6% year over year in 2025, compared to its previous forecast which projected 4.1% growth this year ...

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 ...

STR Holds 2024 U.S. Hotel Forecast Roughly Steady

The companies now project 2024 U.S occupancy of 63 percent, matching the 2023 level, a figure 0.2 percentage points higher than its June ...

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% ...

June 2024 Hawai'i Hotel Performance Report

Hawai'i hotels statewide reported slightly lower occupancy, average daily rate (ADR) and revenue per available room (RevPAR) in June 2024 ...

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 ...

Global hotel performance begins to normalize - JLL

Hotels | Explore other sectors > ... Global hotel revenue per available room (RevPAR) increased by 12.8%, relative to pre-pandemic 2019 levels, ...

Hotel Industry Outlook 2024: Moving Steadily Forward - HVS

... hotel metrics in 2024 is one of modest, steady growth. The investment market is also showing increased signs of life, as inflationary ...

U.S. hotel performance for September 2024 - Hospitality Net

September 2024 (percentage change from September 2023): · Occupancy: 64.6% (-2.5%) · Average daily rate (ADR): US$162.63 (+1.2%) · Revenue per ...

The state of tourism and hospitality in 2024 - McKinsey & Company

Tourism and hospitality are set to soar in 2024. We surveyed 5000 present-day travelers to find out the trends shaping sentiment, spending, and more.

Hotel Statistics 2024: Key Trends, Insights, and Industry Growth ...

The average daily rate (ADR) is projected to grow by 4.9% by the end of 2024, and that's huge! Despite rising costs and inflation, hotels have ...

Midyear Outlook: Despite challenging first half, experts highlight ...

“We estimate that hotel values will increase 4% in 2024 and a total of 11% over the next five years,” he said. Others pointed to the flexibility ...

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 ...