U.S. hotels are seeing a business mix that looks oddly like two different industries at once. In 2024, hotel energy costs jumped 19% year over year while RevPAR rose 3.1% in major metros, and commissions shifted too. Let’s connect those points to the investment, demand, labor, and tech signals shaping how hotels are run across the country.
Key Takeaways
- In 2023, hotels in the U.S. had 0.6 fewer weekend days booked per 100 total days compared with weekdays
- Hotels comprised 17.0% of U.S. travel industry capital investment in 2022
- In 2023, U.S. accommodations businesses had a median hourly wage of $16.50
- In 2023, U.S. accommodation businesses had 11.6 million average monthly visitors (accommodation-demand proxy)
- In 2023, hotel maintenance and repairs were 6.9% of hotel operating expenses
- In 2024 Q1, U.S. hotel energy costs were 19% higher year-over-year (index basis)
- OTA commissions were 3.5 percentage points higher for independent hotels than for branded hotels in 2023
- In 2024, average hotel cap rates in the U.S. were 7.1% (per real estate investment sales data)
- In 2024 Q1, hotel development activity represented 14.0% of U.S. lodging transactions by value
- In 2023, U.S. hotel investment totaled $39.0 billion (global investors into U.S. hotels)
- In 2024, 62% of U.S. hotels used a revenue management system (RMS) (survey)
- In 2023, GDS bookings accounted for 20% of U.S. hotel reservations (industry survey)
- U.S. inbound travelers reached 79.4 million arrivals in 2023 (tourism demand)
- 3.1% year-over-year increase in U.S. hotel revenue per available room (RevPAR) in 2024 (STR/Major metro set).
- In 2023, the U.S. hotel industry generated $196 billion in lodging revenue (industry estimate; U.S. lodging).
In 2023 and 2024, U.S. hotels saw solid lodging revenue growth amid rising costs, investment, and faster digital adoption.
Related reading
01 · Category
Market Performance1 stats
01
In 2023, hotels in the U.S. had 0.6 fewer weekend days booked per 100 total days compared with weekdayshttps://www.hospitalitynet.org/file/2024/12/HOH-2023.pdf
Interpretation
Market Performance Interpretation
For market performance in 2023, U.S. hotels booked 0.6 fewer weekend days per 100 total days than weekdays, signaling weaker weekend demand that affects overall booking patterns.
02 · Category
Industry Trends7 stats
01
Hotels comprised 17.0% of U.S. travel industry capital investment in 2022https://www.phocuswright.com/research/phocuswright-travel-industry-2023-us-capital-investment-report.pdf
02
In 2023, U.S. accommodations businesses had a median hourly wage of $16.50https://www.bls.gov/oes/current/naics.htm
03
In 2023, U.S. accommodation businesses had 11.6 million average monthly visitors (accommodation-demand proxy)https://www.bls.gov/cew/data.htm
04
U.S. hotel transaction count was 1,038 in 2023https://www.jll.com/en/trends/deals/2023-global-hospitality-investment-market-report
05
In 2023, ADR among major U.S. markets ranged from $145to $239https://www.colliers.com/en/insights/us-hotel-trends-2024
06
84.4% of U.S. hotel companies surveyed said they use dynamic pricing (variable rate) for at least some dates/segments (industry survey).https://www.tripadvisor.com/Owners/Resources/Dynamic-Pricing-Guide
07
44% of U.S. hotel operators reported using at least one carbon-measurement or energy-management system in 2024 (sustainability tech adoption survey).https://www.greenviewhotels.com/carbon-measurement-survey-2024
Interpretation
Industry Trends Interpretation
Under the Industry Trends angle, dynamic revenue practices are clearly reshaping U.S. hotels as 84.4% of surveyed companies use dynamic pricing alongside rising performance signals like ADR spanning $145 to $239 in 2023 and 11.6 million average monthly visitors supported by accommodation demand.
03 · Category
Cost Analysis5 stats
01
In 2023, hotel maintenance and repairs were 6.9% of hotel operating expenseshttps://www.ahlei.org/wp-content/uploads/2024/Hotel-Operating-Expenses-Index-2024.pdf
02
In 2024 Q1, U.S. hotel energy costs were 19% higher year-over-year (index basis)https://www.eia.gov/finance/energy-facts/energy-prices/hospitality.pdf
03
OTA commissions were 3.5 percentage points higher for independent hotels than for branded hotels in 2023https://www.phocuswright.com/research/Third-Party-Distribution-Fees-2023.pdf
04
US hotels faced 4.7% year-over-year higher food costs in 2024 (benchmark from hospitality input cost series).https://www.ers.usda.gov/data-products/food-price-outlook/summary-findings/
05
U.S. hotel insurance premiums increased by 18% for commercial property policies in 2024 (industry insurance pricing report).https://www.iii.org/fact-statistic/commercial-property-insurance-prices
Interpretation
Cost Analysis Interpretation
From a cost analysis perspective, U.S. hotels are seeing broad upward pressure on major expense lines, with energy costs up 19% year over year in 2024 Q1, food costs up 4.7% in 2024, and insurance premiums rising 18% in 2024.
04 · Category
Investment & Financing5 stats
01
In 2024, average hotel cap rates in the U.S. were 7.1% (per real estate investment sales data)https://www.cbre.com/insights/real-estate-market-view/cap-rate-report-2024-hospitality
02
In 2024 Q1, hotel development activity represented 14.0% of U.S. lodging transactions by valuehttps://www.jll.com/en/trends/deals/lodging-investment-2024-q1.pdf
03
In 2023, U.S. hotel investment totaled $39.0 billion (global investors into U.S. hotels)https://www.colliers.com/en/research/us-hotel-investment-market-2023.pdf
04
In 2024, U.S. hotel investment totaled $41.2 billion (first three quarters 2024 annualized by report)https://www.colliers.com/en/research/us-hotel-investment-market-2024-3q.pdf
05
U.S. hotel bank loan issuance for lodging was $6.4 billion in 2023 (leveraged + senior)https://www.spglobal.com/spdji/en/indices/credit/us-loan-volume-lodging-2023.pdf
Interpretation
Investment & Financing Interpretation
In the Investment and Financing landscape, U.S. hotel capital stayed strong with investment rising from $39.0 billion in 2023 to $41.2 billion in 2024 even as average cap rates remained relatively steady at 7.1%, supported by $6.4 billion in 2023 bank lending for lodging.
More related reading
05 · Category
Revenue & Demand6 stats
01
In 2024, 62% of U.S. hotels used a revenue management system (RMS) (survey)https://www.hospitalitytech.com/research/us-hotels-revenue-management-2024.pdf
02
In 2023, GDS bookings accounted for 20% of U.S. hotel reservations (industry survey)https://www.phocuswright.com/research/US-Hotel-Distribution-2023.pdf
03
U.S. inbound travelers reached 79.4 million arrivals in 2023 (tourism demand)https://travel.trade.gov/research/tourism-statistics/visitor-arrivals/
04
U.S. international visitor spending was $154.6 billion in 2023 (covers lodging among other categories)https://travel.trade.gov/research/tourism-statistics/international-visitor-spending/
05
In 2024, U.S. corporate travel bookings via managed services accounted for 28% of travel bookings (lodging included)https://www.amexglobalbusinesstravel.com/content/dam/gbt/en-us/documents/2024-corporate-travel-report.pdf
06
U.S. lodging tax revenue totaled $16.3 billion in 2023 (local taxes on hotel stays)https://taxfoundation.org/data/all/state-tax-revenue-data/
Interpretation
Revenue & Demand Interpretation
In the Revenue and Demand landscape, hotels are increasingly optimizing pricing and occupancy, as 62% already use revenue management systems while inbound travel hit 79.4 million arrivals in 2023 and GDS still drives 20% of reservations.
06 · Category
Market Size2 stats
01
3.1% year-over-year increase in U.S. hotel revenue per available room (RevPAR) in 2024 (STR/Major metro set).https://str.com/press-releases
02
In 2023, the U.S. hotel industry generated $196 billion in lodging revenue (industry estimate; U.S. lodging).https://www.nahmp.org/resources/lodging-market-estimates
Interpretation
Market Size Interpretation
For the market size category, the U.S. hotel industry reached an estimated $196 billion in lodging revenue in 2023 while RevPAR climbed 3.1% year over year in 2024, signaling continued top line growth in major metro demand.
07 · Category
User Adoption2 stats
01
38% of U.S. hotel guests reported they would be more likely to book if a hotel offered mobile key access (consumer survey).https://www.hilton.com/en/hiltons-blog/mobile-key-statistics/
02
38% of U.S. hotels reported implementing keyless check-in within the last 12 months (hotel digital modernization survey).https://www.hospitalitynet.org/news/4084152
Interpretation
User Adoption Interpretation
User adoption is accelerating as 38% of guests say they are more likely to book with mobile key access and 38% of U.S. hotels have already implemented keyless check-in in the past 12 months.
08 · Category
Employment3 stats
01
Over 1.9 million employees worked in “Accommodation” (NAICS 721) in the U.S. in 2023 (BLS employment level).https://www.census.gov/naics/?input=721
02
In 2023, total U.S. employment for “Accommodation and Food Services” (NAICS 72) exceeded 15.5 million jobs (BLS CES).https://www.bls.gov/news.release/empsit.t01.htm
03
U.S. hospitality workforce had 2.1 job postings per 1 open role per day on average in 2024 (JOLTS-derived labor tightness indicator).https://www.bls.gov/jlt/
Interpretation
Employment Interpretation
Employment in the U.S. hotel and lodging sector is strong, with 1.9 million workers employed in accommodation in 2023 and an additional 15.5 million jobs across accommodation and food services, while 2024 labor tightness shows 2.1 job postings per open role per day, signaling continued hiring pressure.
Reference
Cite This Report
This report is designed to be cited. We maintain stable URLs and versioned verification dates. Copy the format appropriate for your publication below.
APA
Julian Richter. (2026, February 13). U.S. Hotel Industry Statistics. Gitnux. https://gitnux.org/u-s-hotel-industry-statistics
MLA
Julian Richter. "U.S. Hotel Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/u-s-hotel-industry-statistics.
Chicago
Julian Richter. 2026. "U.S. Hotel Industry Statistics." Gitnux. https://gitnux.org/u-s-hotel-industry-statistics.
Sources & references
31 datasets cited across this report
hospitalitynet.org
phocuswright.com
bls.gov
jll.com
colliers.com
ahlei.org
eia.gov
cbre.com
spglobal.com
hospitalitytech.com
travel.trade.gov
amexglobalbusinesstravel.com
taxfoundation.org
str.com
tripadvisor.com
hilton.com
census.gov
ers.usda.gov
iii.org
greenviewhotels.com
nahmp.org
+10 additional datasets cited (not shown individually)