CBRE Reports U.S. Hotel Revenue Growth Stalled at 2.6% in 2025, While Expenses Outpaced Inflation at 3.1%
📈 2025, U.S. lodging industry faced stalled revenue growth at 2.6%, matching the inflation rate, but below the 5.2% average. Expenses grew faster at 3.1%, reducing GOP margins from 35.1% to 34.8%, and EBITDA margins to 22.8%. Only resorts and luxury hotels saw profit gains, driven by increased ancillary revenues. Labor costs rose 2.9%, while IT expenses surged 4.6%. With RevPAR growth projected at just 1.2% in 2026, sustaining profits remains challenging amidst high operational costs.
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