hotelAVE 2Q25 Hospitality Earnings Summary is now available! We’re thrilled to share positive insights into the hotel industry. A glimpse:

• 2Q25 U.S. RevPAR change for public companies averaged -0.2%. 50% of the companies that reported had RevPAR declines Y/Y
• YE25 RevPAR growth guidance ranged from -0.3% to 1.8%; down slightly from -0.1% to 2.3% as reported in 1Q25. The average decrease was 14 bps at the low end and 50 bps at the high end
• Macroeconomic uncertainty, lower inbound international travel, and weaker U.S. government travel remained the most cited reasons for reduced RevPAR projections
• Leisure demand increased globally; Hyatt, Marriott, and Hilton reported leisure revenue changes of 2.6%, 3%, and 1%, respectively. Marriott reported softer leisure growth in the U.S. and Canada (only 1%)
• 2Q25 business transient RevPAR change was -2% to 0% for the major operators. Hilton attributed the BT decline to the extended holiday schedule, government spending declines, weaker international inbound business, and macroeconomic uncertainty
• Group revenue on the books (OTB) for YE25 is pacing in the low single digits vs STLY, and 2026 group revenue OTB is pacing up 4% to 12% vs STLY
• 2Q25 EBITDA margins declined by an average of 132 bps  due to muted RevPAR growth stemming from macroeconomic uncertainty, and above inflation wages and benefits

Download the full summary to stay up-to-date: hotelAVE 2Q25 Hospitality Earnings Summary