U.S. Hotel Industry Outlook
Top 5 Hotel & Lodging Market Trend Predictions - By Sean Skellie
Current trends indicate that the industry is reporting a decline in many markets for leisure travel (Thursday - Saturday as many consumers are getting out priced in the market), while group travel remains strong; with a slight increase in corporate bookings (Monday - Wednesday travel). The Industry will see 65+ percent occupancy overall and even higher ADR in 2024.