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Press Release

Stunning New Research Ranks United States Nearly Dead Last in Competition for Global Travelers

U.S. Travel Association today released a study that found the United States ranks 17th out of 18 top travel markets in terms of global competitiveness, according to Euromonitor International. Decades of underinvestment and a lack of focus and coordination from federal policymakers caused the U.S. to fall behind, while other countries actively apply robust strategies to increase travel and grow economic output.

U.S. Travel Association
United States
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The next-gen metrics that move hotel P&L

Hotel tech has changed what's possible – and measurable. RevPAR and ADR aren't enough; discover the metrics that really matter. 
Mews
Press Release

U.S. hotel commentary - October 2023

Year-over-year growth in RevPAR softened to +1.2% after coming in at +3% a month prior. Demand dropped 1.2%, which was the largest decrease since April. Like April, a calendar shift was largely responsible for the fall. Compared to last year, this October included one less Saturday (from five last year to four this year) and the gain of Halloween Tuesday.

CoStar
United States
Press Release

Major markets driving U.S. hotel profitability gains

 Improvement in group demand across the Top 25 Markets drove U.S. hotel revenue and profit growth, according to October P&L data, according to October P&L data from CoStar. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.October 2023 per-available-room metrics (% change from October 2022)

CoStar
United States
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Hospitality Net
Press Release

Lodging Analytics Research & Consulting (LARC)’s 4Q-2023 Hotel Industry Outlook and Market Intelligence Reports

As economists continue to move toward the view that a near-term recession has been averted (less than half of those surveyed in October by the Wall Street Journal expect a recession within twelve months, the lowest level since June 2022), they continue to grapple with conflicting data points. As is the case in any soft landing, positive macro-economic data points like 3Q-2023 GDP growth of 5.2% and positive October inflation data are often counter-balanced by negative economic data points like the ISM index remaining below 50 and October payrolls surprising to the downside.

LARC
United States

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