According to Phocuswright Research, he U.S. hotel & lodging market had a record year in 2023, thanks to robust demand and historically high ADRs according to Phocuswright’s U.S. Hotel & Lodging Market Report 2023-2027. The labor shortage that plagued the industry, causing service declines and high costs, eased somewhat, allowing hotels to resume services such as food & beverage and daily housekeeping.
This report is part of the U.S. Travel Market Report 2023-2027 series, which features an overview of the U.S. travel market, along with detailed data and analysis of five key lodging, car rental, cruise and packaged travel. A standalone report dedicated to online travel agencies rounds out the coverage. Collectively, the series provides comprehensive market sizing, projections and analysis for the U.S. travel industry from 2021-2027.
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