The average daily rate (ADR) of the United States hotel industry was ****** U.S. dollars in 2022, reflecting an increase over the previous year. The decline in ADR in both 2020 and 2021 can be attributed to the disruptions in travel and stay-at-home restrictions implemented due to the coronavirus (COVID-19) pandemic. What is average daily rate (ADR)? Average daily rate is a key performance indicator of the hospitality industry. It shows the average room rental price per day in either a specific hotel (independent/chain), or in this case the average room rental price per day of many hotels within the U.S. Other useful KPI’s that are used in the lodging industry are the occupancy rate and revenue per available room (RevPAR).

The graph depicts the average price of a hotel room in 2010 and 2011* around the world. In Europe, the average cost for a hotel room was 167.76 U.S. dollars.The Hotel Price Index (HPI) is based on bookings made on hotels.com. The prices shown are those actually paid by the customer. The sample set are about 110,000 properties in more than 18,000 global locations.

Average hotel room prices - additional information

In both 2010 and 2011, the Caribbean was the most expensive region in the world to for hotel stays, with an average hotel room price of 207.11 U.S. dollars in 2011. The Caribbean, located to the south east of North America and the Gulf of Mexico, includes many popular vacation destinations such as the Bahamas, Cuba, Barbados and the Dominican Republic. The region is well-known for its natural beauty and luxury resorts. In 2013, Soufriere, St. Lucia, was one of the most expensive destinations for U.S. travelers in terms of hotel costs, second only to Bora Bora in French Polynesia, where the average daily rate for a hotel was 770 U.S. dollars. Despite the cost, Caribbean cruises were the most popular vacations in the U.S. according to travel company Travel Leaders Group.

A close neighbour of the Caribbean, North America saw the lowest average hotel price in 2010 and 2011. While low in comparison to other regions, the average daily rate of hotels in the U.S. has risen year-on-year since the global recession of 2009 and, in 2013, the U.S. hotel industry generated 163 billion U.S. dollars in revenue. The United States also has some expensive destinations of its own: the most expensive U.S. city for hotel rates in 2013 was Honolulu, Hawaii, with an average daily rate of 230 U.S. dollars. New York ranked second at 211 U.S. dollars a night.

As well as being the region with the second highest average hotel price, hotels in Europe also charge the most for room service. Six out of ten of the most expensive cities in the world for hotel room service were located in Europe in 2014. Helsinki in Finland was the most expensive at just under 90 U.S. dollars.

The average daily rate (ADR) of hotels in the United States was ***** U.S. dollars as of November 2020. Due to the impact of the coronavirus pandemic in the hotel industry, this figure dropped to about **** percent when compared to last year's figure.

What is average daily rate?

Average daily rate is a key performance indicator of the hospitality industry. It shows the average room rental price per day in either a specific hotel (independent/chain), or in this case the average room rental price per day of many hotels within the U.S. Other useful KPI’s in the lodging industry are the  occupancy rate and revenue per available room (RevPAR).

Monthly ADR trends

Patterns are quite easy to discern in the monthly ADR of U.S. hotels. It often peaks annually in October and shows a dip in January. This dip could be due to lower spending from consumers after the expensive winter holiday season. Additionally, U.S. hotel ADR rates have shown annual growth month-to-month since 2011.

The average daily rate (ADR) represents the average rental income earned for an occupied room per day. In 2022, the ADR of the United States hotel industry was forecast to reach *** U.S. dollars. By 2024, that figure was forecast to increase to *** U.S. dollars.

According to Cognitive Market Research, the global mid range hotel market size is USD XX billion in 2023 and will grow at a compound annual growth rate (CAGR) of 6.00% from 2023 to 2030

The demand for mid range hotel market is rising due to therise of online booking platforms and travel websites has greatly enhanced the prominence of mid-range hotels.
Demand for one double bed remains higher in the mid-range hotel market.
The online booking category held the highest mid-range hotel market revenue share in 2023.
North America will continue to lead, whereas the Asia Pacific mid-range hotel market will experience the strongest growth until 2030.

Market Dynamics of MID Range Hotel Market

Key Drivers of MID Range Hotel Market

Enhanced Guest Experience and Amenities to Provide Viable Market Output

The mid-range hotel market is the constant focus on enhancing the guest experience. Mid-range hotels are increasingly investing in amenities and services that appeal to a wide range of travelers, including families, business professionals, and tourists. These hotels are incorporating modern technology, such as mobile check-in services and high-speed Wi-Fi, to cater to the needs of tech-savvy guests.

In January 2023, Marriott revealed the inauguration of the first-ever Westin Hotels and Resorts establishment in Uttarakhand, India. The Westin Resort and Spa, Himalayas, is now open for business.

Additionally, they are expanding their offerings to include on-site restaurants, fitness centers, conference facilities, and recreational activities. By providing a diverse array of services, mid-range hotels create a compelling value proposition for guests, ensuring customer satisfaction and loyalty. This focus on guest experience drives positive reviews, repeat business, and positive word-of-mouth referrals, contributing significantly to the growth of the mid-range hotel sector.

Strategic Location and Accessibility to Propel Market Growth

The strategic location of mid-range hotels plays a pivotal role in driving their success. These hotels are often situated in prime areas, offering easy accessibility to popular tourist attractions, business districts, transportation hubs, and entertainment venues. Their convenient locations make them an attractive choice for travelers seeking both comfort and accessibility. Mid-range hotels frequently capitalize on their proximity to key points of interest, allowing guests to explore the local culture and attractions effortlessly. Moreover, their accessibility to public transportation options and major highways makes them convenient choices for travelers, ensuring a steady flow of guests throughout the year.

Restraint Factors of Mid Range Hotel Market

Rising Economic Fluctuations to Hinder Market Growth

The mid-range hotel market is its sensitivity to economic fluctuations. During periods of economic uncertainty, consumers tend to reduce their travel budgets, opting for more budget-friendly accommodation options or cutting down on travel altogether. Mid-range hotels often find themselves in a precarious position, as they need to balance providing quality services with competitive pricing. Economic downturns can lead to reduced occupancy rates and lower average room prices, impacting the overall revenue of mid-range hotels. Additionally, these hotels face pressure from both ends: the need to maintain a certain level of service quality to attract guests and the necessity to keep prices affordable.

Pressure from Alternative Accommodation Platforms

One of the key restraints impacting the mid-range hotel market is the growing competition from alternative accommodation providers, such as Airbnb, Vrbo, and other short-term rental platforms. These alternatives often offer larger spaces, home-like amenities, and flexible pricing, which can be more appealing to families, groups, and long-stay travelers. Many travelers now prefer the personalized, local experience that these platforms promote something mid-range hotels may struggle to replicate within their standardized service models. As consumer preferences shift toward more authentic and cost-effective lodging options, mid-range hotels face the challenge of redefining their value proposition to retain market share, especially in leisure-driven travel segments.

Opportunity for mid range hotel market

Rising Demand for Affordable Yet Comfortable Travel Options is C...

Index Time Series for Kelly Hotel & Lodging Sector ETF. The frequency of the observation is daily. Moving average series are also typically included. The fund adviser employs a "passive management" investment approach designed to track the total return performance of the index. The index is a rules-based index that consists of the stocks or corresponding depositary receipts of companies engaged in the creation, development, production, operation, provision, distribution, servicing, licensing, leasing or franchising of at least one Hotel and Lodging Business. Under normal circumstances, the fund invests at least 80% of its net assets in Hotel and Lodging Companies. It is non-diversified.

Leading hotel chain Hilton accounted for an average daily rate of ****** U.S. dollars in 2024. This figure shows a slight increase from the previous year’s rate of ****** U.S. dollars. The company's ADR reached a new peak in 2024. Average daily rate (ADR) The average daily rate (ADR) reflects the average price that guests pay per room in a hotel. ADR is one the key performance indicators (KPIs) used to measure a hotel’s performance, along with occupancy rate and revenue per available room (RevPAR). In 2024, Hilton Worldwide Holdings Inc. had a revenue per available room (RevPAR) of ****** U.S. dollars. Trends in ADR Daily rates in the hospitality sector change throughout the year. One of the key factors affecting ADR is the occupancy rate, which varies depending on the season. For example, in the United States, where most Hilton hotels are located, rooms are occupied more frequently in summer months compared to winter months.

Casino hotels experienced a strong recovery path after the pandemic, with revenue growing at a CAGR of 9.9%, totaling $83.4 billion over the five years to 2025. In 2025 alone, industry revenue is expected to expand modestly at 0.3% due to rising consumer uncertainty revolving tariffs. Due to tariff pressures, industry profit is also anticipated to decline in the same year, reaching 9.7% of revenue. Post-lockdown recovery efforts brought brighter horizons as the industry experienced a significant surge. Assisting this upward trajectory were upgrades to gaming machines, added non-gaming amenities and a resurgence in travel, both domestically and internationally. Rising per capita disposable income and decreased unemployment levels further boosted revenue with increased discretionary spending. However, revenue growth is expected to be offset by trade tension between the US and Canada. As Canadian visitors top the list of international visitors coming to Las Vegas, a decline in Canadian tourists will place downward pressure on industry performance. Simultaneously, tariffs will disrupt operational costs as food and supply prices are expected to rise accordingly. A modest growth is predicted for the industry over the five years to 2030, with revenue set to rise at an approximate CAGR of 1.7%, estimating $90.5 billion. As state governments continue to authorize new casinos to stimulate tourism and profit from gaming tax revenue, a significant challenge arises from the burgeoning popularity of online gambling. Casino hotels must appeal with innovative incentives to draw gamblers back from the digital realm. This rise in online gaming presence brings specific issues, like cybersecurity threats, which add to operational costs and must be given due attention to maintaining customer trust in online platforms. Interestingly, the mounting travel costs and the increasing trend for staycations could spell good news for casinos in city locations or nearby. In the coming years, the industry must gear up for future challenges like competition from AI-powered dealers aiming at in-home entertainment experiences.

As a result of the coronavirus (COVID-19) pandemic the hotel industry has taken a hit in 2020. In May 2020, the average daily rate (ADR) of hotels in Europe was ***** U.S. dollars. Daily hotel prices were lowest in the Asia Pacific region during the same month.

Hotel rate changes worldwide

In each region, corporate average daily hotel rates are forecast to increase by 2020. Asia’s rates are predicted to be higher than the global average, increasing by about ***** percent. Latin America should see a smaller rise of about *** percent, due to the more modest growth in demand within this region. However, these rates were forecast prior to the coronavirus (COVID-19) pandemic therefore will be subject to change.

Hotel occupancy rate

Average daily rates in the hotel industry tend to change throughout the year as they are closely linked to hotel occupancy rates. Specific regions are visited more frequently during certain times of year. For instance, hotel rooms in the Americas were rented more frequently during the summer months, compared to the colder winter months in 2019.

The current average price per night globally on Airbnb is $137 per night.

According to Cognitive Market Research, the global Budget Hotels market size will be USD 284582.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 113833.04 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 85374.78 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 65454.00 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 14229.13 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 5691.65 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.
The Business Travelers held the highest Budget Hotels market revenue share in 2024.

Market Dynamics of Budget Hotels Market

Key Drivers for Budget Hotels Market

Growing Urbanization to Increase the Demand Globally

In many areas, there is a rapid growth in travel inside and between cities as a result of urbanization. Urban budget hotels draw guests searching for reasonably priced overnight options in handy locations. Secondary sources estimate that about one-third of India's population resided in cities in 2023. People have moved from rural areas to the metropolis in search of employment and a means of subsistence, as seen by the trend, which indicates an increase in urbanization of more than 4% over the past ten years. Thus, the increasing urbanization is expected to propel the market growth during the forecast period.

Growing Investment to Propel Market Growth

The increasing investment in the industry is expected to drive the market over the projected period. For instance, in June 2023, in conjunction with the 2023 NYU International Hospitality Industry Investment Conference, Marriott International, Inc. declared its intention to extend its presence in the inexpensive midscale accommodation sector, building on its recent foray into the market through City Express by Marriott in Latin America. Marriott is announced intentions to establish a new brand, which is now known as Project MidX Studios and has not yet been given a name. This move is in line with the company's strategy to provide visitors with locally relevant lodging solutions for every purpose of their stay. The goal of the budget-friendly midscale extended stay brand is to provide guests looking for longer-term lodging in the United States and Canada with competitively priced modern comfort.

Restraint Factor for the Budget Hotels Market

Intense Competition and Changing Consumer Preference to Limit the Sales

There are many competitors in the highly competitive budget hotel market that provide identical services at similar price points. Individual operators' profit margins may be lowered by price wars resulting from this rivalry. Furthermore, because budget hotels concentrate on offering simple, uncomplicated services, it can be difficult to satisfy the demands of contemporary tourists who are looking for distinctive and customized experiences. Some guests may decide to book alternate lodging options like boutique hotels, vacation rentals, or Airbnb as a result of this change in tastes.

Key Trends for the Budget Hotels Market

Integration of Technology and Contactless Services Enhancing Guest Experience

Budget hotels are progressively incorporating technology to optimize operations and improve customer satisfaction. Features such as mobile check-in/check-out, digital room keys, app-based room service, and AI-driven chatbots are becoming standard amenities even in budget accommodations. This trend is driven by the post-pandemic inclination towards minimal contact, operational efficiency, and technology-enabled convenience, enabling budget hotels to remain competitive and fulfill the evolving expectations of guests.

Rise of Hybrid Hospitality Models Blending Affordability with Experience

In response to shift...

Global hotel company Choice Hotels International Inc. had an average daily rate of ***** U.S. dollars for its properties in the United States in 2024. This figure shows a slight decrease over the previous year's total of ***** U.S. dollars.

This dataset provides points for 375 Hotels in Iowa as well as the lowest price for each hotel and their address. This does not necessarily contain all of the hotels in Iowa. Values of -1 represent no data available.

Over the past five years, the Global Hotels and Resorts industry has expanded. The current period started with a pandemic-low revenue level. As business and travel activities gradually resumed, industry revenue surpassed the pre-pandemic level in 2023. However, rising inflation following the pandemic and geopolitical tensions depressed the potential revenue growth. Further, stringent fatal aviation accidents and potential tariff war further deteriorate consumer confidence, inducing them to put off travel plans. Overall, industry revenue is expected to grow at an annualized rate of 14.2% to $1.8 trillion over the five years to 2025, including a 2.4% growth in 2025. In the same year, profit is also expected to reach 18.5%. While the prominence of well-known hotel chains looms over the industry, it still experiences low concentration since it has numerous small independent hotels. Due to low concentration, the industry remains highly competitive, and the steady increase in the supply of new hotel rooms has limited the hotels' ability to raise room prices. However, the industry is changing and continues to become more consolidated. This gives larger chains control over industry parts through loyalty programs and discounted pricing structures. Over the next five years, the largest growth will likely be in Asia and the Pacific, which will help emerging economies surpass several developed economies as favored destinations for tourists. However, uncertainty in some markets, specifically those with political and health risks, will hamper consumer sentiment early during the outlook period, placing pressure on hotels. Further, the potential tariff war between the US and other powerhouses such as China and the EU will likely affect travel rates as these countries strengthen their border control. Even so, more hotels and resorts will be built due to travel rates expected to rise overall, which should drive industry revenue growth. Overall, industry revenue is projected to increase at an annualized rate of 2.2% to $2.0 trillion over the five years to 2030.

As of October 2024, the city with the most expensive hotel rate in the United States was Boston. Visitors to the East Coast city could expect to pay 320 U.S. dollars for a doube room during that period. Meanwhile, New York ranked third with an average rate of 284 U.S. dollars.

In the second quarter of 2025, the city with the highest costs for the construction of a 5-star hotel in the United States is Honolulu at *** U.S. dollars per square foot. A 3-star hotel in Austin, Texas, on the other hand, cost on average of *** U.S. dollars per square foot. The average construction costs of housing in those U.S. cities was similarly distributed. Construction costs of hotels In the construction of a hotel, there are a variety of factors to consider such as room amenities, additional on-site services, and interiors. Nevertheless, some of the most important elements that can determine the cost of a building are the salary of workers, the cost of the equipment, and the price of raw materials and appliances. Generally, construction cost figures include the foundation, roof, windows, exterior and interior walls, bathrooms, and heating and cooling systems, among other factors. Hotel projects tend to use higher quality techniques and materials to minimize the need for repair or replacements. Hotel construction pipeline worldwide Some of the cities with the most rooms under construction were in China and in the United States. Meanwhile, Cancún was the city leading the hotel construction pipeline in Latin America, with figures that were much higher than those for the rest of the cities included in the ranking. One of the tallest skyscrapers under construction in the U.S. was the Waldorf Astoria Hotel and Residences in Miami.

Listings per region on Airbnb declined from 2020 to 2021. Globally in 2021, there were a total of 12.7 million listings.

Historical average temperature, rainfall, and average package holiday price per person for New York. Weather data sourced from WeatherAPI.com, pricing from internal booking data.

This dataset contains hotels in Pamplona, Spain. Attributes include the estimated price range and the contact information for the hotel. This list does not necessarily contain all of the hotels in Pamplona.

This statistic shows the quarterly average daily rate of hotels in San Francisco in 2016 and 2017. In the first quarter of 2017, the average daily rate of hotels in San Francisco in the United States was 338 U.S. dollars.

Accommodation in San Francisco - additional information

San Francisco is located in northern California on the west coast of the United States and is the second most densely populated city in the country after New York City. The highest average daily hotel rates in San Francisco was seen in the first quarter of 2017 at 338 U.S. dollars. This represented an increase in average daily rate of around 14 U.S. dollars compared to the same quarter in the previous year.

In 2016, 3.93 million people from overseas visited San Francisco, spending 5.9 billion U.S. dollars there. The city is also popular with U.S. travelers who ranked the destination fifth on a list of domestic cities they would most like to visit – perennial favorites are Las Vegas and New York. It is not, however, always cheap to stay in San Francisco. For business travelers, it was the second most expensive destination in the U.S. with an average cost per day of more than 530 U.S. dollars in 2016.

As of May 2013, San Francisco was one of the top U.S. cities associated with food tourism. It is also home to two of the most visited tourist attractions worldwide: Golden Gate Park and Pier 39. According to 95 percent of locals, people are very welcoming to tourists there.