Chicago hoteliers benefit from robust hotel performance in 2024

As budgets are set for 2025, Chicago hoteliers look to build on performance trends in 2024. Over the year, Chicago’s key hotel metrics have outperformed the average of the top 25 U.S. markets and bucked the national trend of declining occupancy. Notably, the market’s revenue per available room, or RevPAR, a metric that measures hotel operating revenue, is at a record high.