Colliers - U.S. Hospitality Brand Performance Comparison Report | Q1 2024
The Average Daily Rate (ADR) and Revenue Per Available room (RevPAR) growth for the greater U.S. hospitality market was nearly flat in Q1 2024, increasing by 2.6% and 1.5% respectively. Occupancy rates trended downward, decreasing by 1.1% when compared to the same period a year prior. A slowdown in hotel room demand has been a partial influence behind the softening of the hospitality market’s operating fundamentals.
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This Colliers U.S. Hospitality Data Snapshot compares the operating performance of the wider U.S. Hospitality sector to the operating performance of the U.S.’s major hospitality brands and sub-brands.