U.S. Hotel Forecast Assumptions – June 2026
CoStar and Tourism Economics raise 2026 U.S. RevPAR growth forecast to +2.8%, citing strong leisure and group demand, World Cup tailwinds, and reduced supply growth of +0.4%.
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CoStar, Tourism Economics raise U.S. hotel growth forecast
CoStar and Tourism Economics upgraded their 2026 U.S. hotel forecast, with RevPAR up 2.2 ppts, driven by 8M+ additional room nights YoY through April, though expense growth will continue to pressure profit margins.
Upward Trajectory: Continued Recovery of the Manhattan Hotel Market
HVS forecasts full Manhattan hotel market recovery beyond 2019 levels by 2027/28, with 2025 ADR already 34% above pre-pandemic highs, though tariffs and geopolitical shifts pose short-term headwinds.
By Roland de Milleret and Patricia Shih
The Growth and Reinvention of Jersey City in Northern New Jersey
HVS analysis of Jersey City's hotel market shows 2025 occupancy at 80% and ADR at $260, with constrained Manhattan supply and residential growth expected to support continued hotel demand.
By Patricia Shih, Director, HVS
U.S. hotel results for week ending 2 May
CoStar reports occupancy up 1.2% to 66.5% and RevPAR up 3.2% to $111.59 for the week ending May 2, with Las Vegas leading gains at +29.0%.
Resilience on Display: Chicago Tourism Gains Momentum
Chicago welcomed 55.3 million visitors generating $20.9 billion economic impact in 2024, with O'Hare hitting record 85 million passengers in 2025.
By Brian Arevalo and Emeldina Paratusic
New Report: New Orleans Hotel Industry Generates Nearly $9 Billion in Economic Impact, Supports More than 51,000 Louisiana Jobs
Oxford Economics study shows New Orleans hotels drove $9B economic impact, supported 51K jobs, and contributed $1.2B in taxes during 2025.
HVS U.S. Market Pulse: April 2026
U.S. hotels posted 4.5% RevPAR gains through April 2026, with luxury leading growth and cap rates averaging 8.3% as transaction activity slowly improves.
By Rodney Clough, President - HVS Americas, Denver, HVS