Consensus says hotel rate increases will hover around 5 percent this year; buyers also see an increase in hotel nights on the horizon. Hoteliers and analysts in recent months have projected that 2024 ...
U.S. hotel rate in November increased from 2023 levels, as did the occupancy rate and revenue per available room, according to hotel analytics firm STR.
Share Hotel room rate increases helped to send inflation on annual basis to its most rapid clip in nearly 40 years. Inflation jumped 6.8 percent in November from a year ago — the fastest pace ...