The sample of branded full-service hotels in Budapest recorded a large increase in profit during the 12-month period ending in May 2025. The GOP per available room (GOP PAR) rose by 25.9% (YoY), driven by a 15.9% revenue increase and despite rising expenses (+10.0%).
The sample of branded full-service hotels in Barcelona recorded an increase in profit during the 12-month period ending in May 2025. The GOP per available room (GOP PAR) rose by 8.6%, driven by a 5.6% revenue increase and despite rising expenses (+3.3%).
Africa’s post‑COVID tourism resurgence is undeniable. In 2024, the continent welcomed approximately 74 million international arrivals—7.4 % above 2019 and a notable 13.5% higher than in 2023.
The sample of branded full-service hotels in Edinburgh recorded a healthy increase in profit during the 12-month period ending in May 2025, relative to the same time last year. GOP per available room (GOP PAR) rose by 5.9%, driven by a 3.6% revenue increase and despite rising expenses (+1.9%).
Alaska has embraced its identity as “The Last Frontier” and experienced significant growth in eco-tourism, fueled by rising cruise traffic and interest in outdoor recreation, helping to offset the state's declining oil industry. Despite challenges with strained infrastructure and political uncertainty, the overall outlook remains positive, with tourism revenues reaching record highs year-over-year.
The hotel demand landscape of Downtown Indianapolis is evolving rapidly, driven by major developments, a packed events calendar, and growing business activity downtown. With several large-scale development projects underway in a variety of sectors, the city is creating exciting opportunities for hotel owners, developers, and investors.Indianapolis is entering a new era of growth, marked by a wave of transformative development, institutional investment, and a steady resurgence in leisure and business travel. Downtown is evolving rapidly, fueled by major infrastructure upgrades and high-profile projects that are reshaping the city’s competitive position in the Midwest. For hotel owners, operators, and developers, the combination of a strong event calendar, corporate relocations, and destination enhancements illustrates the market’s long-term strength and investment opportunities.
U.S. lodging demand increased at an average annual rate of just 0.7% in 2023 and 2024, after two years of double-digit growth coming out of the pandemic in 2020. In the May 2025 edition of Hotel Horizons®, CBRE reduced its forecast for lodging demand growth in 2025 to 0.9%. With lodging demand growing at less than 1.0%, hotel owners and operators are scrutinizing the value of their franchise relationships since it is the primary stimulus of demand for most U.S. hotels.
Amid an uncertain economy, new data from Lighthouse reveals that consumers are simply adopting a more strategic, cautious, and spontaneous approach to travel.
Galveston’s lodging market is being reshaped by capital investments and regulatory changes. Since 2019, more than $400 million has been spent on new cruise terminals, resort redevelopments, and boutique hotel conversions, while cruise passenger counts reached a record 1.7 million in 2024. With new projects underway and new short-term-rental oversights, growth will be affected by shifting supply and demand dynamics.
The first half of 2025 brought the sharpest global hotel rate slowdown since the early post-pandemic years. After two years of steady growth, momentum stalled, and in many markets, prices fell back significantly. But the story isn’t uniform. While most regions struggled, Europe remained resilient, and Japan surged ahead as a clear outlier.
Convention Centers have emerged as a hub of industry, commerce, culture, and architecture. Since they first marked the maps in the mid-20th-century U.S., they have become a symbol of economic progress. As the global events industry rebounds from the COVID-19 pandemic’s disruption, convention centers across the U.S. are rapidly transforming to meet the evolving expectations of today’s planners and attendees. Events are no longer just about networking and sharing information; they are full-fledged experiences, powered by smart infrastructure, flexible layouts, immersive technology, and access to vibrant urban surroundings.
A sobering downturn: Official data reveals a clear slump in the first half of 2025, with declines in visitor volume, RevPAR, and room rates.
While inflation, geopolitics and trade disputes represent possible headwinds against overall travel growth, the current demographic situations for Canada and numerous other advanced economies amount to a prevailing tailwind that will propel growth in the luxury hotel category for the rest of the decade if not longer.
The European serviced apartment sector recorded a solid performance in 2024, supported by robust leisure demand and a recovering corporate segment. In spite of above-average increases in supply in this asset class, the occupancy levels observed amongst the serviced apartments surveyed exceeded expectations. While traditional hotels mostly capitalised on average rate growth, serviced apartments saw performance improvements primarily led by rising occupancy. Our analysis of approximately 6,000 units across the continent provides a comprehensive snapshot of the sentiment surrounding serviced apartment operations across Europe, highlighting the strengths and challenges faced by this increasingly competitive asset class.
Tourism is big business, bringing millions of inbound visitors not just into entire countries each year, but sometimes tens of millions into just a single city. This brings pressure on local housing markets and services.
Edinburgh is the economic, cultural and political capital of Scotland and is considered one of the UK’s primary powerhouses. This reputation has fuelled significant population growth over the past decade, with the Edinburgh metropolitan area reaching nearly 559,000 residents in 2024, a 12.0% increase since 2014. A compact city steeped in history, with notable cityscapes and exceptional views, Edinburgh is a renowned weekend-break destination with an international airport recording strong passenger growth and fast rail links on the East Coast Mainline branch. As the second most visited city in the UK after London, Edinburgh’s appeal lies in its cultural vibrancy and strategic location. Moreover, the Edinburgh Festival Fringe continues to be a global cultural highlight. In 2024, the festival sold approximately 2.6 million tickets (compared to 2.5 million in 2023), reaffirming its status as the largest annual arts festival in the world.
Indonesia, officially known as the Republic of Indonesia, is the world’s largest archipelagic nation, spanning over 1.9 million square kilometres across more than 17,000 islands. Strategically located between the Indian and Pacific Oceans, it stretches over 5,000 kilometres and shares land borders with Papua New Guinea, East Timor, and Malaysia. With a 2024 estimated population of 284.4 million, Indonesia is the fourth most populous country globally.
With large crowds set to descend on Lille, Cannes and Montpellier, hotels in these cities have a golden opportunity to boost revenue. For independent hoteliers especially, staying informed and agile is essential to capturing their fair share of this spike in demand.
Read the latest edition of the HVS ANAROCK monthly industry update, MONITOR (Monthly Overview of National Industry Trends and Hospitality Report), for the key trends in the Indian hospitality industry.
As Germany prepares to host some of Europe’s biggest events, hotels should be adjusting their strategies to take full advantage of these major revenue opportunities. For small and mid-sized independent hoteliers, staying ahead of these shifts is key to their success.