Between 2019 and 2024, insurance expenses per hotel key surged to an average of 195% across the nation’s top 25 markets, reflecting a convergence of structural pressures rather than simple rate adjustments. The spike has been fueled first and foremost by escalating climate-related risks.
Weather risks and rebuilding costs drive soaring hotel insurance premiums
Climate impacts and insurer tightening reshape cost structures across top U.S. hotel markets
CoStar Analytics
August 14, 2025 | 6:17 P.M.
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