U.S. Hotels Face Slowing Growth, with Weak Demand and Policy Uncertainty: Goldman Sachs
Photo Credit: Hyatt Centric Chicago O’Hare (expected to resume operations in 2025) is being rebranded from Hyatt Rosemont, is ideally located near O’Hare International Airport, and is undergoing property-wide renovations inclusive of 206 newly designed guestrooms, updated meeting and event spaces, refreshed lobby and a new restaurant. Hyatt
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U.S. hotel operators are bracing for tougher conditions as multiple factors converge to dampen the industry's prospects, according to analysts at Goldman Sachs.
U.S. hotel groups are facing increasing challenges as consumer demand weakens and policy changes create new obstacles for the travel sector, according to a new analysis from Goldman Sachs.
RevPAR (revenue per available room), a key hotel industry metric, is predicted to grow at just 0.4% year-over-year, Goldman analysts said in a report Monday.
That would be below the trend of the past four weeks, when U.S. RevPAR tracked about 1.6% higher, according to CoStar.
It would also be below the guidance Marriott, Hilton, and Hyatt had issued at the start of the year, which called for growth of between about 2% and 2.5%. Even that would be less than the
