Pandemic-era fluctuations impact long-run averages of key performance indicators in hotel industry

The long-run annual average growth rates of many key performance indicators that characterize the U.S. hotel industry are higher than just four years ago. The extreme fluctuations during 2020 and the following years have impacted the underlying growth rates, increasing demand, occupancy, average daily rate, or ADR, and revenue per available room, or RevPAR, growth rates.