Q4 2017 U.S. Lodging Market Update

Daniel Lesser | January 8, 2018

By Daniel Lesser Driven by robust business and leisure travel, the U.S. hotel industry completed another year of record setting metrics including: Occupancy, Average Daily Rate, RevPAR, Available Rooms, Occupied Rooms, and Rooms Revenue. An extremely active and ferocious hurricane season during the summer months provided a boost to the extended-stay hotel segment but disrupted operations at many properties throughout Florida and Texas. While exacerbated in several submarkets, generally, the nation's new hotel supply pipeline is fairly muted with an annual rise of approximately 2 percent, which is similar to the corresponding increases i...