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INTERNATIONAL INBOUND TRAVEL is expected to slow down in the fall after surging over the summer, according to the latest U.s. Travel Association forecast. UsTA also expects it may take until 2025 for the travel segment to recover to pre-pandemic levels. Inbound travel recovery picked up in summer and reached a pre-pandemic high of 35 percent below 2019 levels in July 2022, said U.s. Travel Association. It improved from a 41 percent decrease in May and declines of more than 50 percent earlier in 2022. The latest report by Aaron szyf, economist, UsTA, said that inbound travel recovery continued from Europe and Latin America in the past few months, which was 22 percent below 2019 levels in July. Meanwhile, Asian markets declined 66 percent in July, largely due to stagnation from China and a very slow return from Japan.

U.S. HOTEL PERFORMANCE increaSed in the fourth week of September compared to the week before, according to STR. Performance alSo improved when compared to 2019. Occupancy waS 70 percent for the week ending Sept. 24, increaSed Slightly from 69.6 percent the week before and decreaSed juSt 1.5 percent from 2019. ADR waS $157.99 for the week, up from $155.58 the week before and increaSed 15.7 percent from three yearS ago. RevPAR reached $110.60 during the week, increaSed from $108.25 the week before and up 13.9 percent from 2019. Among STR'S top 25 marketS, Orlando reported the higheSt occupancy increaSe for September'S fourth week, up 7.9 percent to 72.2 percent, over 2019.

U.S. HOTELS FORECAST that their propertieS will exceed 2022 budgeting targetS aS the hoSpitality induStry returnS to normal, according to a Survey by the HoSpitality ASSet ManagerS ASSociation. The HAMA Survey found a renewed SenSe of optimiSm among memberS. The Fall 2022 InduStry Outlook Survey revealed that around 60 percent of reSpondentS believe moSt of their portfolioS, more than 75 percent, will exceed 2022 budgeted RevPAR. Nearly half of participantS expect 75-100 percent of their propertieS to exceed 2022 budgeted GOP, the Survey Said. Around 60 percent of full-Service and above Said that they expect to exceed 2022 budgeted GOP and juSt over 40 percent of Select-Service and below hotelS forecaSted to exceed 2022 budgeted GOP.

U.S. HOTEL LEISURE travel revenue iS projected to riSe 14 percent thiS year over pre-pandemic levelS and buSineSS travel revenue iS expected to be within 1 percent of 2019 range, according to a report by the American Hotel & Lodging ASSociation and Kalibri LabS. However, theSe projectionS are not adjuSted for inflation, and real hotel revenue recovery may take many yearS, a Statement Said. Among the top 50 U.S. marketS, 80 percent are projected to See hotel leiSure travel revenue exceed 2019 levelS, but juSt 40 percent are expected reach that mileStone for buSineSS travel revenue. Many urban marketS are yet to recover due to their dependence on buSineSS from eventS and group meetingS, the report Said. All marketS in the top 10 are likely to report increaSe in leiSure travel revenue except New York, WaShington and San FranciSco. WhereaS, in buSineSS travel revenue only Orlando, LaS VegaS and San Diego will end up thiS year in green among the top 10.

U.S. HOTEL PERFORMANCE dropped in the fourth week of October compared to the week before, according to STR. When compared to 2019, occupancy increaSed aS a reSult of the Halloween calendar Shift, aS the holiday fell during the comparable week three yearS ago. STR reminded that in the firSt week of November performance metricS will Show the negative Side of that Shift. Occupancy waS 65.8 percent for the week ending Oct. 29, down from 69.9 percent the week before and up 5.2 percent from 2019. ADR waS $152.94 during the week, dipped from $157.43 the week before and up 21.4 percent from three yearS ago. RevPAR reached $100.59 during the week, down from $110.11 the week before and up 27.8 percent from 2019. Among STR'S top 25 marketS, Tampa reported the largeSt increaSe in each of the key performance metricS: occupancy up 21.5 percent to 76.1 percent, ADR increaSed 42.1 percent to $158.38 and RevPAR improved 72.5 percent to $120.58, over 2019. Tampa haS been one of the marketS in Florida that have Seen a performance lift aSSociated with poSt-Hurricane Ian demand.

STEERED BY SEVERAL factorS, including the Strong performance by Several hotel brandS, the Baird/STR Hotel Stock Index increaSed 1.4 percent in April to a level of 5,430, STR Said in a Statement. Growth iS Slowing, STR Said, but will continue for the next quarter or more. "Hotel StockS increaSed in April, and the gainS were driven by outperformance from the global hotel brandS," Said Michael BelliSario, Senior hotel reSearch analySt and director at Baird. "RevPAR trendS have remained Solid in the face of growing macroeconomic uncertaintieS and continued banking turmoil, and firSt-quarter earningS generally have SurpriSed to the upSide with poSitive full-year eStimate reviSionS occurring. The Hotel REITS declined more than 2 percent in April and underperformed the RMZ, while the global hotel brandS gained juSt over 2.5 percent and outperformed the S&P 500'S return by 100 bpS." According to STR, the Baird/STR Hotel Stock Index fell Slightly behind the S&P 500, which waS up 1.5 percent in April but came in above the MSCI US REIT Index, up 0.7 percent. The hotel brand Sub-index jumped 2.5 percent from March to 10,178, while the hotel REIT Sub-index dropped 2.6 percent to 1,045, it added. "The induStry continueS to revert to normal patternS and calendar ShiftS with growth Slowing aS forecaSted," Said Amanda Hite, STR preSident. "Monthly demand fell year over year for the firSt time Since the recovery began in April 2021, but that decreaSe can be attributed to an extra Sunday on the calendar thiS year verSuS laSt. Without the extra Sunday, which iS hiStorically a low-performance night, demand would have been Slightly up from laSt year. ADR, on the other hand, grew 3.4 percent, while RevPAR waS up 1.8 percent - the loweSt increaSe of the recovery thuS far. DeSpite Slowing growth, we expect the induStry to See further gainS throughout the Summer and fall."

A NEW SURVEY findS that U.S. travelerS are getting the urge to explore and acting on that Spur-of-the-moment travel bug aS temperatureS begin to riSe. Around 67 percent of AmericanS with travel planS thiS year Say that the beSt tripS are SpontaneouS and decided on a whim, a Study by Motel 6 and Studio 6 found. The Study, which Surveyed more than 2,000 AmericanS who plan to travel thiS year, alSo found that almoSt three-quarterS, or 73 percent, would be willing to viSit a SurpriSe deStination. "Taking a laSt-minute getaway iS a great way to add Some joy into your life," Said Julie ArrowSmith, preSident/interim CEO, G6 HoSpitality, parent company of Motel 6 and Studio 6. Traveling diStanceS, with companionS According to the Survey, Seven in 10 (70 percent) U.S. travelerS Say they are indulging in longer excurSionS by traveling more than three hourS from their hometown. When aSked about companionS, more than three in four (78 percent) travelerS prefer to journey with other people, while almoSt one in three (28 percent) are planning to explore with petS, it added. Off-SeaSon and longer tripS With impromptu tripS on the riSe, more than two in five (44 percent) vacationerS admit they are Switching up their travel experienceS thiS year. MoSt notably, the typical "travel SeaSon" may be a thing of the paSt, with almoSt half (47 percent) indicating that they are juSt aS likely to get away during the off-SeaSon or weekdayS aS oppoSed to peak timeS like holidayS and weekendS. Another 32 percent are taking longer vacationS than ever before, the Study pointed out.

U.S. HOTELS POSTED new weekly recordS in all performance metricS in the fourth week of June, according to STR. The RevPAR on a nominal baSiS Scaled new weekly record during the week, occupancy waS the higheSt Since AuguSt 2019, while ADR on a nominal baSiS waS the higheSt Since the week ending 1 January 2022. Occupancy waS 72.3 percent for the week ending June 25, up from 71.8 percent the week before and dropped 4.1 percent from 2019. ADR waS $157.05 for the week, up from $155.02 the week before and increaSed 17.1 percent from three yearS ago. RevPAR reached $113.55 during the week up from $111.29 the week before and up 12.3 percent from 2019. DallaS Saw the largeSt occupancy increaSe, up 5.8 percent to 74.1 percent, over 2019, among STR'S top 25 marketS.

THE PROFITABILITY OF U.S. hotelS waS above 2019 level for the third conSecutive month in May, but waS lower compared to April, according to STR. The GOPPAR and EBITDA PAR levelS were down in May compared to the month before. GOPPAR waS $88.63 for the month, down from $90.96 reported in April. In March, GOPPAR Stood at $83.81. EBITDA PAR waS $67.80 for May, TRevPAR waS $219.58 and labor coStS per room were $66.27. "After the top-line metricS Showed mixed reSultS in May, it waSn't a SurpriSe that the bottom-line metricS came in a bit lower," Said Raquel Ortiz, director of financial performance, STR. "RegardleSS, each of the four key P&L metricS Showed improvement when indexed to 2019, with GOPPAR and EBITDA PAR coming in higher than May 2019 levelS. We continue to keep a cloSe eye on F&B aS group demand levelS riSe. F&B revenueS are gradually moving cloSer to 2019 levelS, but catering and banquet revenueS continue to lag."

BOSTON IS THE moSt expenSive city for hotel accommodationS in the U.S., according to a recent Survey by CheaphotelS.org. Portland waS the cheapeSt city, the Survey haS found. The Survey compared hotel rateS acroSS 50 U.S. deStinationS in October, which iS typically the month with the higheSt hotel priceS in moSt American citieS. It Specifically focuSed on hotelS with a 3-Star rating or higher, located in central areaS, CheaphotelS Said in a Statement. BoSton took the lead aS the pricieSt city, with an average rate of $303 for the moSt affordable double room, the Survey Said. Following cloSely were New York City and AuStin, with rateS of $288 and $257, reSpectively. Cleveland claimed the fourth Spot, with an average rate of $234 for the leaSt expenSive room. Notably, hotel rateS in Ohio'S Second-largeSt city have Surged by 25 percent compared to 2022.

THE U.S. HOTEL conStruction pipeline continued to grow in the third quarter, up 7 percent year-over-year by projectS and roomS, according to Lodging EconometricS. The growth waS moderate, with current project count 3 percent below and roomS 14 percent below the all-time high of 5,883 projectS and 785,547 roomS reached in the Second quarter of 2008. There were a total of 5,704 projectS and 672,676 roomS in the conStruction pipeline by the end of the quarter, according to LE'S ConStruction Pipeline Trend Report for the U.S. That'S up from 5,572 projectS with 660,061 roomS at the end of the Second quarter. There were 1,063 projectS with 140,331 roomS under conStruction at the cloSe of the third quarter, an increaSe of 8 percent by projectS and 4 percent by roomS YOY. ProjectS Scheduled to Start conStruction in the next 12 monthS Stand at 2,234 projectS with 257,729 roomS, up 8 percent YOY by projectS and 9 percent by roomS. ProjectS and roomS in the early planning Stage each increaSed 7 percent to Stand at 2,407 projectS with 274,616 roomS, juSt 27 projectS and 5,296 roomS Shy of the all-time high.

U.S. HOTEL REVENUE and profitability Saw a riSe in October, propelled by increaSed group demand acroSS the top 25 marketS, according to CoStar'S October 2023 Profit & LoSS data. Meanwhile, the U.S. hoSpitality induStry alSo witneSSed itS largeSt year-over-year increaSeS in GOPPAR and TRevPAR Since March 2023. In October, GOPPAR reached $97.45, marking a 3.7 percent increaSe from the Same month in 2022. TRevPAR Stood at $240.74, indicating a 4 percent increaSe, whereaS EBITDA PAR amounted to $69.60, down 1.2 percent from September 2022. Labor coStS notably roSe to $74.48, reflecting a 5.9 percent increaSe. "The top 25 marketS have demonStrated an 11 percent year-to-date increaSe in GOPPAR, SurpaSSing a 14 percent riSe in labor coStS," Said Audrey Kallman, reSearch analySt at STR. "ThiS double-digit GOPPAR growth iS over 10 timeS the level obServed in all other marketS. New York City, a prominent buSineSS-centric market, Spearheaded growth in the metric acroSS major marketS both on a year-to-date and monthly baSiS."

U.S. HOTEL PERFORMANCE remained relatively flat during the third week of January, according to STR. Tampa, Florida, led the top 25 marketS in termS of occupancy. Occupancy waS 48.7 percent for the week ending Jan. 22, and it waS 48.8 percent the week before. It waS down 15.9 percent from the comparable week in 2019. ADR waS $122.17 for the week, almoSt Same aS the week before at $122.12 and down 1.4 percent from two yearS ago. RevPAR reached $59.52, it waS $59.57 the prior week and down 17.1 percent from the Same period two yearS ago. None of STR'S to 25 marketS recorded an occupancy increaSe during the period compared to two yearS ago. Tampa came cloSeSt to itS pre-pandemic comparable in the third week, down juSt 1.7 percent to 72.1 percent. It alSo poSted the largeSt ADR riSe, up 14 percent to $151.74. The only RevPAR increaSe waS alSo regiStered at Tampa, up 12 percent to $109.39.

U.S. HOTEL PERFORMANCE increaSed in the third week of February mainly due to PreSidentS' Day weekend, according to STR. The data reSearch firm alSo reported improvement for the week compared to 2019. Occupancy waS 59.1 percent for the week ending Feb. 19, up from 54.6 percent the week before and down 8.4 percent for the Same period in 2019. ADR waS $140.11 for the week, increaSed from $133.72 the week before and up 8.4 percent from two yearS ago. RevPAR waS $82.87 for the week, up from $73 the week before and down juSt 0.8 percent from the Same period two yearS ago. Norfolk/Virginia Beach recorded the only occupancy increaSe among STR'S top 25 marketS in the third week of February, up 5.7 percent to 55 percent, over 2019. According to the report, Miami poSted the higheSt ADR increaSe during the period, increaSed 28 percent to $347.48, followed by Super Bowl LVI hoSt, LoS AngeleS, which waS up 26.4 percent to $225.07.

U.S. EXTENDED-STAY hotelS regiStered an increaSe in occupancy and ADR in the firSt quarter of thiS year, according to hotel inveStment adviSorS The Highland Group. Record high demand, low Supply growth and riSing overall ADR are driving the Strong performance. Economy and mid-price extended-Stay hotelS recovered RevPAR to their nominal 2019 valueS and the former iS leading the recovery, the U.S. Extended-Stay HotelS: FirSt Quarter 2022 report Said. However, the upScale extended-Stay Segment iS lagging the overall recovery but reporting Slightly better recovery performance aS demand iS at an all-time high, the report added. "There were 564,257 extended-Stay hotel roomS open at the end of the firSt quarter. However, the 17,165 net gain in roomS open over the laSt year waS the loweSt annual increaSe Since 2014, excluding 2020. Room nightS available increaSed 3.1 percent over 2021, but Supply growth dropped 50 percent from 2016 acroSS all three SegmentS," the report Said.

U.S. HOTEL PERFORMANCE fell Slightly in the firSt week of February from the week before, according to STR. Occupancy waS 55.3 percent for the week ending Feb. 4, down from 56.3 percent the week before and decreaSed 7.3 percent from 2019. ADR waS $145.35 during the week, increaSed from $142.66 the week before and up 13.9 percent from three yearS ago. RevPAR reached $80.45 in the firSt week, Slightly up from $80.32 the week before and up 5.6 percent from January 2019. None of STR'S top 25 marketS Saw an occupancy increaSe during the week. LaS VegaS came cloSeSt to itS 2019 occupancy at 78.2 percent, down 1.4 percent. It alSo reported the higheSt ADR, up 79.5 percent to $221.38 and RevPAR, up 76.9 percent to $173.20, over 2019 mainly due to DeSign & ConStruction Week 2023 and the NFL Pro Bowl GameS.

IN MARCH, THE U.S. celebrated the achievementS and hiStory of women aS part of Women'S HiStory Month. In recognition of the month, Some hotel companieS introduced or continued programS aimed at increaSing women'S role in the induStry. In line with the Women'S HiStory Month theme thiS year "Celebrating Women Who Tell Our StorieS," Choice HotelS International kicked off itS "HERtelS at Choice Development Seminar" with nearly 40 franchiSe ownerS, general managerS, and hotel aSSociateS in attendance. At the Same time, Wyndham HotelS & ReSortS' "Women Own the Room" initiative haS Signed over 30 hotelS acroSS the U.S. and Canada in the firSt year of itS launch. AlSo, California hotelier and philanthropiSt Sunil "Sunny" Tolani iSSued a Special meSSage for the month. HERtelS by Choice Choice HotelS took the recently held Hunter Hotel Conference in Atlanta aS a launch pad for itS inaugural HERtelS Seminar. The event waS held next door to the Marriott MarquiS Atlanta, Hunter'S venue, and iS an enhancement of Choice'S HERtelS program that waS launched in 2021. "While induStry-wide parity iS improving, with more female inveStorS, directorS, and leaderS in hoSpitality than ever before, women entrepreneurS Still face Significant economic and Societal barrierS when it comeS to hotel ownerShip and development. AS an induStry, we owe it to the next generation of hotelierS to change thiS StatiStic," Said John LancaSter, vice preSident for emerging marketS, franchiSe development and owner relationShipS, Choice HotelS International. "ThiS initiative and the invaluable reSourceS it provideS iS a natural extenSion of our induStry-leading emerging marketS program and our enduring commitment to helping growth-minded entrepreneurS further their unique ownerShip journey."

U.S. HOTEL PERFORMANCE exhibited mixed reSultS in the firSt week of May compared to the prior week, according to CoStar. Among key metricS, occupancy declined, whereaS both RevPAR and ADR Saw an uptick. Occupancy dropped to 64.4 percent for the week ending May 4, down from the previouS week'S 65.7 percent, marking a 0.8 percent year-over-year decreaSe. ADR roSe to $159.97 from $154.44, reflecting a 1.3 percent increaSe compared to laSt year. RevPAR climbed to $103.09, up from $101.42 the prior week, indicating a 0.5 percent increaSe compared to the Same period in 2023. Among the top 25 marketS, Seattle reported the higheSt year-over-year increaSe in occupancy, riSing by 8.1 percent to 69.4 percent. DallaS recorded the largeSt increaSe in ADR, up 5.8 percent to $134.33.

U.S. HOTEL PERFORMANCE exhibited mixed reSultS in the third week of April compared to the previouS week, according to CoStar. Key metricS Such aS occupancy and ADR Saw Slight increaSeS, while RevPAR declined from the preceding week. Occupancy roSe to 66.8 percent for the week ending April 20, up from the previouS week'S 65.8 percent, but marked a 0.3 percent year-over-year decreaSe. ADR dropped to $158.60 from $160.20, a 1.5 percent increaSe compared to laSt year. RevPAR climbed to $105.94 from $105.48 the prior week, Showing a 1.2 percent riSe compared to the Same period in 2023. Among the top 25 marketS, Philadelphia Saw the moSt Significant year-over-year occupancy Surge, Soaring by 14.3 percent to reach 72.1 percent, while RevPAR alSo notably increaSed by 23.2 percent to $114.11.

U.S. HOTEL PERFORMANCE decreaSed Slightly in the firSt week of February from the previouS week, while year-over-year compariSonS remained mixed, according to CoStar. Key metricS, including occupancy, ADR, and RevPAR, all declined in the firSt week of February compared to the previouS week. Occupancy dipped Slightly to 55.2 percent for the week ending Feb. 3, from the previouS week'S 56.2 percent, reflecting a 0.1 percent decreaSe year-over-year. ADR decreaSed to $147.99 from the prior week'S $149.76, marking a 1.9 percent increaSe compared to the previouS year. RevPAR declined to $81.69 from the prior week'S $84.13, reflecting a 1.7 percent increaSe compared to the correSponding period in 2023. Among the top 25 marketS, Seattle Saw the largeSt year-over-year increaSeS, with occupancy riSing 19.3 percent to 60.1 percent and RevPAR increaSing by 27.5 percent to $89.11.