Last year's results show limited pricing power across hotel classes
Bifurcation story remains front and center in 2025 outlook
Last year's total U.S. hotel results showed revenue per available room growth of 1.8%, driven by average daily rate growth of 1.7% — well below the level of inflation. Breaking thi...
Strong dollar influences Americans' travel decisions to go abroad
International tourist counts from Asia, Europe, and South America still lag 2019 results
The U.S. dollar has strengthened over the past four years, and Americans have used their purchasing power to vacation abroad, particularly in Europe and Asia. In December 2020, $1 ...
US hotel rooms in construction show no sign of acceleration
Total pipeline shows additional activity, but financing remains the sticking point
The higher interest rate environment continues to keep U.S. hotel development in check.
Uninspiring 2024 hotel industry results create an uninspiring deal environment in 2025
'Busy, but not productive' sentiment permeates Americas Lodging Investment Summit
If I had to characterize the collective attendee mood at the 2025 Americas Lodging Investment Summit in Los Angeles with an emoji, I think the “shrug” emoji sums up this year’s con...
US hotel performance continues to lag inflation due to handful of challenges
Tell Me More podcasters discuss the effects of wildfires, inflation and hurricanes
Average daily rate growth continues to lag the rate of inflation in the U.S., and hoteliers are feeling the impact.
Los Angeles residents displaced by wildfires drive up hotel occupancy
Average room rates remain stable, except for very high-end hotel chains
The devastating Los Angeles wildfires caused widespread destruction and forced many residents out of their homes. Area hotels welcomed those who were displaced by the fires and eva...
Origination volume for hotel commercial mortgage-backed securities rose to $20 billion in 2024
For the second year in a row, that dollar amount outpaced those loans for offices
More hotel commercial mortgage-backed security loans were originated last year than in the prior two years combined. The 2024 total of around $20 billion indicates a healthy indust...
Hotel loan delinquencies last year don't point to systemic reason for concern
Delinquency rate of commercial mortgage-backed securities ended 2024 at 5.7%
Delinquency rates for commercial mortgage-backed security loans for hotels did not move much in 2024, continuing a trend that points to a healthy industry.
Hotel deals ended on mediocre note in fourth quarter
10 largest trades made up third of total sales amount
Just under $4.4 billion of hotel properties were sold in the fourth quarter, a drop of 33% from the same period in 2023. Higher interest rates as well as a wait-and-see approach by...
2024 hotel transaction volume drops by 15% from prior year
Price per key increases as higher-end offerings continue to sell
The total hotel transaction volume in 2024, at $21 billion, was $3.6 billion below the 2023 total, respresenting a further indicator of sluggish investor sentiment.
'More peeks of sun' in 2025 hotel industry outlook
Tell Me More podcast hosts talk the New Year's big trends
If the forecast for 2024 hotel performance was "partly cloudy," this year's "still cloudy but with more peeks of sun" is definitely an improvement.
What to watch: Hotel loan originations expected to accelerate in 2025 as interest rates level out
Commercial mortgage-backed securities loan volume in the past year topped prior 12-month results
In an environment of declining interest rates, commercial mortgage-backed securities, or CMBS, loans are quickly reemerging as a lending vehicle of choice for originators and borro...
What to watch in 2025: Hotels employ fewer workers than in 2020, and that's unlikely to change
Hospitality sector is juggling wages, inflation and politics
The U.S. hotel industry lost workers during the pandemic, but despite a slow and steady rebound in worker headcount, the outlook for staffing growth is muted.
Inflation continues to drag on hotel performance in a season of positives amid challenge
Tell Me More podcast hosts talk occupancy, the cloud of inflation and conversion trends
The final stretch of 2024 featured "weird but good" hotel performance around the world, but inflationary drag on rates continues to cause concern.
US hotel industry posts healthy results in November despite election, holiday
Pricing power remained elusive
Despite an idiosyncratic month, November saw hotel revenue per available room grow by a robust 2.5%, driven by a 1.7% increase in occupancy.
Five questions and answers for the US hotel industry in 2025
From group meetings to rate growth to international inbound demand, there's a lot on my mind
“Stay alive to ‘25” was a common refrain heard at industry conferences over the last two years. Now that 2025 is upon us, here are some topics to think about, plan for and maybe ev...
Business travel boosted US hotel performance this fall, and 2025 likely 'more of the same'
Tell Me More podcast hosts explore shortened holiday period, impacts of forecast downgrade
October was a nice way to kick off the fourth quarter in terms of U.S. hotel performance, delivering a "solid month" that benefited from good weekday performance and some demand li...
October results point to robust corporate demand in urban hotels
But Hurricane Milton impacts Florida and other resort locations
The U.S. hotel industry saw robust revenue growth per available room of 4.1% in October, driven by a 2.7% demand increase. Urban hotels, supported by healthy group and transient de...
Global luxury vacation destinations see hotel rates driven to new heights
Select Asian markets report market-wide room rate increases of more than 15%
Traditional vacation destinations attracting well-heeled luxury guests are seeing little price resistance on room rates, and 10 of them have established an average daily rate, or A...
Global luxury hotels have been able to capitalize on strong demand growth since 2020
But compared to last year, room rate growth stalled
Luxury hotel owners and operators worldwide reported record-breaking room rates — and growing prices — during the last four years.