The U.S. hotel industry reported negative year-over-year comparisons, according to CoStar’s latest data through 5 July. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
U.S. companies are missing out on more than $2.4 trillion in potential new sales revenue because they may be underinvesting in business travel, according to a new report exploring the return on investment (ROI) of corporate travel. Despite a strong post-pandemic rebound, the study found that real travel and entertainment (T&E) spending in the U.S. remains $66 billion below 2019 levels. The analysis shows that a modest 8.3% increase in T&E could yield a 6% increase in sales – even taking into consideration post-COVID investments in virtual meeting platforms. These are some of the key findings from the report, T&E and the Bottom-Line: Quantifying the Return on Investment of U.S. Business Travel, released today by the Global Business Travel Association (GBTA) and made possible in partnership with the American Society of Travel Advisors (ASTA).
The top-line U.S. RevPAR forecast has been downgraded 80-basis points to +1.0%. The downgrade is driven by a combination of calendar shifts, weakening macroeconomic indicators, and uncertainty caused by erratic tariff implementation and large-scale federal job losses as well as increasingly soft international inbound travel.
After 1Q25’s forecast release, CBRE cut its 2025 GDP outlook to 1.3% from 1.9%.In June, CBRE reduced its 2025 and 2026 GDP growth estimate to 1.3% and 2.0%, respectively, below the long-run average of 2.1%. Inflation is now expected to increase in 2026 to 3.6% up from 2.7% previously, which could put sustained pressure on profits and margins.
It's no secret that Nashville has emerged as a top-tier destination for tourism, commerce, and conventions. Tourism exploded as the city’s popular music-related attractions gained national attention and social groups flocked to the Broadway Historic District to enjoy the array of venues named for a multitude of country music stars. At the same time, corporate relocations and investment flourished as the city’s business-friendly environment, relatively low cost of living, and strong quality of life attracted many firms, including major technology companies like Oracle and Amazon. During this period, hotel demand (and subsequently hotel supply) expanded rapidly, kickstarted by the opening of the Music City Center convention facility in 2013. Through 2019, Nashville hotel occupancy levels soared, and developers were unable to build hotels fast enough to keep up with demand.
This year's hottest summer travel trend? Waiting for deals. Americans are scaling back travel plans from flights to drives or waiting to book only if the price is right, a tell-tale sign of an industry slowdown that's got travel companies worried.
The U.S. hotel industry reported mostly negative year-over-year comparisons, according to CoStar’s latest data through 28 June. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
Marriott International, Inc. and Truman announced today plans to open three hotels in Calgary, including W Calgary, JW Marriott Calgary, and an Autograph Collection Hotel on Stampede Park. These brands are poised to transform the hospitality landscape in Calgary and will debut as part of a dynamic, mixed-use development ideally situated within the city’s rapidly evolving Culture + Entertainment District.
U.S. hotel demand and revenue per available room (RevPAR) each increased for the week ending 21 June, breaking a three-week run of declines. Demand followed TSA screenings, which also grew year over year following three weeks of declines.
As we head into the summer months, the latest Knowland by Cendyn data from May 2025 reveals compelling insights for hoteliers looking to capitalize on current trends in the meetings, incentives, conferences, and exhibitions (MICE) market.
Canada’s hotel industry reported its highest 2025 monthly growth rates in occupancy and revenue per available room (RevPAR), according to May data from CoStar. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
The U.S. hotel industry reported positive year-over-year comparisons, according to CoStar’s latest data through 21 June. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
It’s a fastbreak for hospitality markets in Indianapolis and Oklahoma City, but hotels must act immediately to secure a slam dunk as search interest for rooms soars.
U.S. hotel performance remained mostly steady year over year, according to May 2025 data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
Amid ongoing macroeconomic pressures, waning consumer confidence, and shorter booking windows, hotel performance for the upcoming Fourth of July holiday is drawing more scrutiny than in past years. Industry analysts are watching closely to gauge how well the sector navigates this important summer leisure travel period. Fortunately, our forward-looking data offers encouraging signs and reasons for optimism.
This past weekend, the United States kicked off its duties as host of the 2025 FIFA Club World Cup (CWC), a precursor to next year’s World Cup, which will be hosted by the U.S., Canada and Mexico.
Located just south of Orlando, Kissimmee’s strategic position in Central Florida offers convenient access to surrounding commercial, leisure, and convention attractions. Traditionally a supporting player in the region’s tourism and business sectors, the city is emerging as a commercial and leisure destination in its own right, with planned developments anticipated to elevate its profile in hospitality and beyond.
The U.S. hotel industry reported mostly negative year-over-year comparisons, according to CoStar’s latest data through 7 June. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
The Manhattan market has been experiencing a prolonged post-pandemic occupancy recovery, despite strong ADR gains. Although legislative and supply changes should bolster this recovery, recent geopolitical factors and the tariffs and policy changes enacted by the new federal administration are expected to affect short-term hotel market trends. Our current demand forecast shows a full recovery beyond 2019 levels by 2027/28.
In 2025, the U.S. lodging sector faces a challenging landscape, characterized by a combination of macroeconomic and capital market factors, including an uncertain tariff environment, an in-flux immigration policy, elevated interest rate environment, and potentially higher inflation. As a result of the macroeconomic headwinds, GDP in 2025 is expected to grow by 0.7%, compared to 2.5% in 2024, on a fourth quarter over fourth quarter basis. Steady, albeit still high, inflation is anticipated to rise to 2.7% in 2025, which coupled with geopolitical uncertainties is expected to significantly influence consumer behavior, particularly impacting the lower-priced chain scale segments. As a result, our forecast expects RevPAR growth to decelerate significantly to 0.8%. The key risks continue to be on room night demand, just as lodging supply growth is reverting to its long-term average of ~2.0%. Key demand performance trends and risks include: