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

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

Published:
April 2024
Research Type:
Report
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 are automatically included at no additional cost:

Analysts
Lorraine Sileo
Lorraine Sileo