Skip to content
Search
Please enter at least 3 characters.

Latest Stories

STR, TE lower projections in final 2024 forecast

Election results muddy forecast for 2025

STR, TE lower projections in final 2024 forecast

STR AND TOURISM Economics downgraded their growth rate forecast for the U.S. hotel business with their final revision of 2024. The forecast for next year remains uncertain as the impact of the presidential election becomes clear.

For 2024, projected gains in ADR and RevPAR were each downgraded, down 0.5 percentage points to 1.5 percent growth for ADR and with RevPAR’s projected growth dropping 0.6 ppts to 1.4 percent, respectively. Occupancy for the year was lowered 0.1 ppts to 62.9 percent, after the previous forecast projected the metric to remain steady from 2023. For 2025, the occupancy growth projection was downgraded 0.4 ppts, and the forecast for ADR and RevPAR increases were lowered to 1.6 percent and 1.8 percent, respectively.


“The outlook for 2025 remains somewhat in flux, with positive sentiment potentially offset by the higher cost of living,” said Amanda Hite, STR president. “Based on current economic conditions, higher-end hotels will continue to drive industry performance. The change in the presidential administration is anticipated to yield stronger economic conditions at first, which is not yet reflected in the data.”

Hite said annual GOP and EBITDA margins remain the same as the previous forecast and both are expected to improve slightly year over year.  Lower labor costs are expected to drive higher growth for both metrics in 2025, she said, with inflation-adjusted GOP forecasted to inch closer to 2019 levels.

“Looking ahead to next year, the economic drivers are supportive of growth in travel activity. Consumer spending and business investment are expected to expand, helping support additional gains in business and group travel demand. Growth in international visitation also represents a tailwind for 2025,” said Aran Ryan, director of industry studies at Tourism Economics. “The forecast was prepared pre-election and assumed economic conditions consistent with political status quo. There is the potential that the Trump administration will pursue looser fiscal policy and provide a temporary boost to the economy, before offsetting effects such as tariffs and immigration act to moderately slow growth.”

More for you

U.S. hotel performance report showing occupancy, ADR, and RevPAR trends for the week ending February 8, with Super Bowl market impact

CoStar: U.S. hotels show mixed results in early February

U.S. Hotel Performance: Weekly Trends in Occupancy, ADR & RevPAR

U.S. HOTEL PERFORMANCE showed mixed results for the week ending Feb. 8, with year-over-year declines, according to CoStar. Occupancy fell from the previous week, while ADR and RevPAR saw slight increases.

Occupancy fell to 55.9 percent for the week ending February 8, down from 56.5 percent the previous week, a 0.5 percent year-over-year decline. ADR increased to $156.03 from $150.25 but was down 2.2 percent from the same period last year. RevPAR rose to $87.22 from $84.90, reflecting a 2.7 percent year-over-year decrease.

Keep ReadingShow less
U.S. hospitality index Q4 2024: Top cities leading hotel growth trends

Report: U.S. hospitality health at four-quarter high in Q4

U.S. hospitality index Q4 2024: Top cities driving hotel growth

U.S. HOSPITALITY BUSINESSES reported a 108.2 percent year-over-year health metric for the fourth quarter of 2024, the highest in four quarters, according to the Hospitality Group and Business Performance Index by Cendyn and Amadeus. Tampa, Houston, and Miami led the top 10 cities in rankings.

The index combines event data from Cendyn’s Sales Intelligence platform, formerly Knowland, with hotel booking data from Amadeus’ Demand360, covering group, corporate negotiated, global distribution system, and events performance, the companies said in a joint statement.

Keep ReadingShow less
Michael Brunner, EVP of Credit Investments at Peachtree Group, leading growth

Brunner is Peachtree's EVP of credit investments

Michael Brunner Leads Peachtree Group’s Credit Investments Growth

Michael Brunner is the new executive vice president of credit investments at Peachtree Group. In this role, he will oversee the company’s credit platform and lead strategic growth initiatives.

Brunner has more than 25 years of financial experience, handling securitized products, asset finance and commercial real estate, Peachtree Group said in a statement.

Keep ReadingShow less
હોટેલોનું કાર્બન ઉત્સર્જન અનુમાન કરતા વધારે: અભ્યાસ

હોટેલોનું કાર્બન ઉત્સર્જન અનુમાન કરતા વધારે: અભ્યાસ

હોસ્પિટાલિટી ઓપરેટર બોબ ડબલ્યુના તારણો અનુસાર, હોટેલ કાર્બન મેઝરમેન્ટ ઇનિશિયેટિવ જેવા માળખાના વર્તમાન અંદાજ કરતાં હોટેલ કાર્બન ઉત્સર્જન પાંચ ગણું વધારે છે. ફિનલેન્ડ સ્થિત કંપની અને યુકે સ્થિત પર્યાવરણીય સલાહકાર ફર્થરે હોટેલ ક્ષેત્રની પર્યાવરણીય અસરનો વ્યાપક દૃષ્ટિકોણ પ્રદાન કરતી "લોજિંગ એમિશન્સ એન્ડ ગેસ્ટ-નાઈટ ઈમ્પેક્ટ ટ્રેકર" વિકસાવી છે.

કંપનીએ એક નિવેદનમાં જણાવ્યું હતું કે, LEGIT લાગુ કર્યા પછી BOB W પ્રોપર્ટીઝ પર સરેરાશ કાર્બન ફૂટપ્રિન્ટ HCMI અંદાજ કરતાં 419 ટકા વધુ હતી, મુખ્યત્વે સપ્લાયર દ્વારા ફાળો આપેલા પરોક્ષ ઉત્સર્જનને કારણે આ જોવા મળ્યું છે.

Keep ReadingShow less
Marriott Reports Record Growth in 2024 with 5% RevPAR Increase and 123K New Rooms Added

Marriott's RevPAR up 5 percent, Q4 income lower

Marriott posts 5% Q4 RevPAR surge, adds 123K new rooms in 2024

MARRIOTT INTERNATIONAL REPORTED five percent global RevPAR growth in the fourth quarter of 2024, with a four percent increase in the U.S. and Canada and 7.2 percent in international markets. However, net income fell to $455 million from $848 million in the prior year.

The company added more than 123,000 rooms in 2024, achieving 6.8 percent net rooms growth from year-end 2023, Marriott said in a statement.

Keep ReadingShow less