Amid a broader slowdown in travel spending, U.S. hotels are showing signs that they’ve hit a growth ceiling.
But while recent data shows that domestic room rates and occupancy growth are slowing, and a wave of promotions would indicate the market is responding, current volatility is muddying any long-term forecasts.
Revenue per available room (RevPAR) slowed to a 0.8% increase in March for domestic properties, CoStar reported, while occupancy dipped 0.3%. Average daily rate (ADR) for the…