Key Takeaways
- In 2023, hotels in the United States generated about $193.5 billion in room revenue (U.S. hotels).
- In 2023, consumer spending on accommodation services in the U.S. was $225.0 billion.
- In 2023, U.S. lodging output (accommodation) measured in real terms increased compared with the prior year (index series).
- In 2023, hotels in the United States had about 742 million room nights sold.
- In 2023, the United States hotel industry had an occupancy rate of 65.1%.
- In 2023, U.S. hotels reported an average length of stay of 2.3 nights.
- In 2023, the average daily rate (ADR) for hotels in the United States was $154.44.
- In 2023, hotels in the United States recorded revenue per available room (RevPAR) of $100.41.
- In 2023, global hotel ADR was €140 (approx; reported as global average ADR).
- In 2023, the United States had 91,000 hotel properties.
- In 2023, the United States had about 4.0 million hotel rooms.
- In 2023, the global hotel pipeline included 1,029,000 additional rooms under construction.
- In 2023, U.S. hotels employed about 1.7 million people.
- In 2023, hotel employment in the U.S. was about 1.9 million.
- In 2023, the U.S. hotel industry’s workforce was about 2.0 million jobs when including food and beverage services in accommodation.
In 2023, U.S. and global hotels thrived with solid occupancy, pricing, jobs, investing.
Financial Performance
Financial Performance Interpretation
Demand & Occupancy
Demand & Occupancy Interpretation
Pricing & RevPAR
Pricing & RevPAR Interpretation
Industry Structure
Industry Structure Interpretation
Employment & Labor
Employment & Labor Interpretation
References
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