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Press Releases

Press Release

Lodging Analytics Research & Consulting (LARC)’s 1Q-2024 Hotel Industry Outlook and Market Intelligence Reports

U.S. economic growth surprised to the upside in the fourth quarter with Real GDP increasing 3.3%, well above expectations, however below 3Q-2023’s 4.9% rise. Despite positive economic growth, U.S. RevPAR only increased 1.3%, as occupancy declined 1.6% during the quarter. While group demand continued to be strong, leisure demand continued to soften in 4Q-2023 and corporate transient demand did not accelerate as we had anticipated. 

LARC
United States
Press Release

Deloitte: Concern Around Rising U.S. Prices is not Fading and Likely Weighs on Americans' Sense of Financial Well-being

A consumer's sense of personal financial well-being likely forms the bedrock for spending behavior — from their approach to budgeting, to what they buy at the grocery store, how they plan their vacations, and when they buy a car. In its fourth year, Deloitte's "ConsumerSignals" (formerly the Global State of the Consumer Tracker), a longitudinal consumer research study, explores shifts in global financial well-being sentiment and its potential impact on purchase decisions.

Deloitte Development LLP
United States
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Hospitality Net
Press Release

U.S. hotel commentary - December/Full-Year 2023

December produced the lowest monthly RevPAR gain of 2023 (+0.3%). Remember, the year started with easy comparables due to the Omicron impact in Q1 2022, but performance growth softened as 2023 progressed due to calendar shifts, increased outbound travel, and other factors revealing the beginning of a return to normal industry patterns.

CoStar
United States