U.S. hotel growth forecast downgraded again
📈 Aug 12, 2025, U.S.: CoStar and Tourism Economics downgraded hotel forecasts for 2025-26, citing weaker demand and economic uncertainty. 2025 demand, ADR, and RevPAR growth cut by 0.6, 0.5, and 1.1 points; 2026 by 0.5, 0.3, and 0.7 points. Inflation, consumer spending, and weaker international travel are key drags. GOP margins revised down 0.3 points for 2025 and 2.3 points for 2026 due to rising expenses. Possible improvement from policy changes anticipated by late 2026.
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