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2024 Global Hotels Outlook

25 March 2024
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Resurgent international travel is expected to further boost worldwide hotel demand this year. While the Americas region is seeing a strong recovery for the hotel sector, improvement has been more modest in Europe and Asia-Pacific. Among our key predictions for the hotel sector this year:

  • U.S. RevPAR will grow by about 3% due to increased inbound international travel, strength in meeting and group segments, and continued demand for leisure travel.
  • The Caribbean region will continue to see sizeable gains in inbound international travel, with most of its largest markets already surpassing pre-pandemic arrival totals. 
  • Inbound international travel to Mexico is estimated to jump by 5%.
  • Europe will see increased hotel demand from domestic and short-haul leisure travelers, as well as international travelers from Asia.
     International arrivals to Asia-Pacific should reach pre-pandemic levels by year-end and help fuel a hotel sector recovery. 

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