The profitability of hotels in the U.S. increased in 2017 in line with the growth of the economy under President Trump, according to the latest findings from a brand-new publication called 'Profit Matters: U.S. Annual Hotel Performance Tracker 2018', which has today been released by the hotel benchmark service, HotStats.
Chicago continues to attract hotel development to the downtown market, thanks to its proximity to global transportation and well-educated workforce. The installation of Chicagos 60th crane in 2017 suggests that development is still robust.
In the first quarter of 2018, the U.S. hotel industry saw occupancy increase 0.9% year over year to 61.6%, while ADR rose 2.5% to $127.37 and RevPAR increased 3.5% to $78.46.
As tourists return once more to soak up the sights and tastes of France, its hotel sector is rebounding rapidly from its 2016 low point.