Hotel & Leisure Advisors’ analysis indicates that in 2013 the U.S. hotel market achieved improved occupancy and average daily rate levels in most cities. Performance statistics between 2010 and 2013 showed steady improvement in occupancy levels after the substantial nationwide drop-off in 2009. Average daily rates also improved nationwide, especially in the last three years, after a similar plunge in 2009 and a lesser one in 2010. We project continued improvement in 2014 throughout the United States with higher percentage gains for upscale and luxury properties.
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- H&LA Development Update: Atlanta, GeorgiaFebruary 18, 2021
- Hotel Deals Pace To Pick Up After 2020 Volume ‘Fell off the Cliff’February 11, 2021
- Resort Played Leading Role in Revitalization of ‘Malibu of the Midwest’February 2, 2021
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What Drove Hotel Values to Decline in 2020?
February 25, 2021
The once-in-a-century pandemic has caused hoteliers to endure a firestorm that decimated the hotel and leisure industries. The growing COVID-19 cases across the U.S., as well as government restrictions on travel that further stress demand, continue to leave the hotel industry significantly behind pre-pandemic levels in terms of revenues, profitability and valuations. Gateway cities such
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