Hotéis, motéis e fornecedores de alojamento que geram receitas através de pernoites, alimentos e bebidas e serviços auxiliares. O desempenho é medido por meio de RevPAR, ocupação e ADR — métricas influenciadas pelos ciclos de viagens de negócios, demanda de lazer e acréscimos de oferta competitiva em cada mercado.
What shapes this industry
Key factors
Revenue per available room captures both occupancy and pricing together — the most concise indicator of revenue productivity per asset.
Business travel tends to be more rate-insensitive but more volatile; leisure travel is volume-driven and increasingly dominant in urban markets.
Platform-based short-term rental supply in key markets creates pricing ceiling pressure that structurally caps hotel rate increases.
How the business works
One formula drives the entire industry
RevPAR — Revenue Per Available Room — compresses both occupancy and pricing into a single number. In 2024 the US market averaged 63% occupancy overall, but performance diverged sharply between segments.
2024 US performance by segment — hover to explore
The 2024 bifurcation story. Upper-tier hotels delivered RevPAR growth of +5% while economy properties saw RevPAR fall up to −5.7%. The split reflects diverging travel behavior: premium leisure is robust while cost-sensitive travelers are pulling back.
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