Market Trends

🏆 Washington, D.C. — The American Hotel & Lodging Association's FIFA World Cup 2026 Hotel Outlook highlights underwhelming hotel booking trends in U.S. host cities. 80% of hoteliers reported bookings below forecasts, with international demand suppressed by visa barriers and geopolitical issues. Only 25-30% of markets, like Miami and Atlanta, showed booking boosts. Kansas City reported 85-90% of bookings below expectations. Policies and costs add pressure in 11 cities, complicating the World Cup hospitality challenge.

💸 German hotel investment market in 2025 saw a strong recovery: transaction volume reached €1.9 billion, over 50% up from 2024. Prime urban and leisure assets attracted investors, with yields slightly compressing. Average occupancy hit nearly 68% (+0.7% from 2024), while ADR fell to €117 (-1.8%). RevPAR marginally declined to €78.8 (-0.8%). Demand remained strong, outpacing moderate supply growth. Major urban areas experienced competitive bidding, with secondary locations growing in investor interest.

💸 Investment activity in Ireland hit a record €1.9 billion in 2025, largely due to a €1.4 billion acquisition of Dalata Hotel Group by a Scandinavian Consortium. Notable deals included the Radisson Blu Hotel at Dublin Airport (€79m) and Citywest Hotel Dublin (€148m). GDP grew double digits in Q4, with Modified Domestic Demand up 4.9% from Q4 2024. Overseas visitor numbers hit 6.4 million in December, while hotel occupancy ranged from 77% to 83% with stable prime yields.

🏨 Wyndham Hotels reported a record development pipeline of over 2,200 hotels as of March 31, 2026. System-wide rooms grew by 4%, driven by an 8% increase in US development contracts, totaling over 259,000 rooms. Net income was stable at $61m, with adjusted income up 9% to $73m. Adjusted EBITDA reached $156m, an 8% rise. Ancillary revenues increased by 21%. US RevPAR improved by 250 basis points against forecasts, supported by occupancy in Florida, Texas, and California.

🏨 19-25 April 2026, the U.S. hotel industry saw positive year-over-year growth. Occupancy rose to 67.7% (+4.0%), ADR increased to $169.17 (+4.3%), and RevPAR climbed to $114.45 (+8.5%). New Orleans led with occupancy at 73.7% (+19.0%) and RevPAR at $155.18 (+34.3%). Las Vegas experienced the highest ADR boost at $261.45 (+17.8%), driven by the NAB Show. Overall, RevPAR grew in 21 of the Top 25 Markets.

📈 Italy saw a RevPAR surge of 53% in February 2026 due to the Milan-Cortina Games, with ADR jumping to €196. The UK faced three months of ADR decline, despite high occupancy rates. Germany's RevPAR rose modestly in February and March. France maintained steady growth with occupancy rising monthly. Small Central European markets like Slovenia and Croatia posted high growth rates but from low bases. European RevPAR shifted from price-focused to volume-driven growth by March.

🏨 Americas, March 2026: Hotel pipeline activity decreased, with 193,145 rooms in construction (-2.1%), and a total under contract of 878,114 (-5.3%). Europe saw an increase, with 185,419 rooms in construction (+6.6%); the UK led with 26,458 rooms. In Asia Pacific, construction decreased to 492,970 rooms (-7.7%), but final planning surged (+70.2%); China led. Middle East & Africa had 107,653 rooms in construction (+4.5%); Saudi Arabia led with 51,513 rooms. CoStar reported these insights.