Report U.S. Hotel & Lodging Market Report 2023-2027

U.S. Hotel & Lodging Market Report 2023-2027

Published:
April 2024
Research Type:
Report
Figures:
6
Segments:
Hotels & Lodging, Short-Term Rental
Regions:
U.S. & Canada
US$795

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Summary

Amid a landscape of shifting sands, the U.S. hotel and lodging sector marked 2023 with record-breaking revenue, buoyed by high demand and surging average daily rates. The industry, adapting to post-pandemic norms, anticipates moderated growth in 2024, against a backdrop of a challenging economy and changing consumer preferences towards value and digital engagement. Challenges persist, from labor shortages to the competition posed by short-term rentals. Overall, this will push major chains to evolve with new brands and enhanced online experiences, catering to a generation of travelers seeking both deals and unique stays.

The U.S. Hotel & Lodging Market Report 2023-2027 is part of Phocuswright’s U.S. Travel Market Report 2023-2027 series, which features an overview of the U.S. travel market, along with detailed data and analysis of five key segments: airline, hotel & lodging, car rental, cruise and packaged travel. A standalone report dedicated to online travel agencies rounds out the coverage.

With the single purchase of the series, the following reports (available now or publishing soon) are automatically included at no additional cost:

Analysts
Lorraine Sileo
Lorraine Sileo