U.S. hotel results for week ending 6 December
CoStar data shows occupancy fell 3.2% to 57.2% with Tampa posting the largest declines due to Hurricane Milton displacement effects.
CoStar data shows occupancy fell 3.2% to 57.2% with Tampa posting the largest declines due to Hurricane Milton displacement effects.
Labor costs are rising 4-5% annually while occupancy drops, with union hotels showing -1% profit conversion versus 25% for non-union properties.
Report reveals U.S. hotels cut labor hours by 7-15% across departments while maintaining profitability despite wage increases up to 5.9%.
U.S. RevPAR fell 0.3% in the fortnight ending November 29, but excluding 13 hurricane-impacted markets, RevPAR actually grew 0.9%.
CoStar data shows Tampa suffered steep declines due to 2024 hurricane displacement demand comparisons, while San Francisco led gains with 14.9% RevPAR growth.
HVS analysis highlights strong hotel demand growth driven by $1+ billion in upcoming developments including amphitheater, soccer stadium, and airport expansion.
Colliers forecasts U.S. commercial real estate recovery in 2026 with 15-20% transaction growth, office vacancy dropping below 18%, and hospitality supply growing 1.3%.
Multiple new hotels and repositioned properties are targeting upscale segments in mountain markets like Boone and Highlands, with RevPAR growth strongest during off-peak months from 2016-2024.
Hospitality America outlines a four-pillar revenue strategy targeting 20-45% ADR increases across 16 host cities, with emphasis on rate integrity and spillover market capture.
U.S. RevPAR fell 4.6% for the week ending November 15, with Veterans Day falling on Tuesday causing the sharpest midweek decline since recession years.