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US hotel industry slowed in the second quarter and the full-year outlook for 2025 is at risk

The comparison to last year’s strong fourth-quarter performance affects this year’s growth rate
CoStar Analytics
August 4, 2025 | 7:33 P.M.

Revenue per available room declined by 0.5% in the second quarter of 2025, primarily due to a 1.4% decrease in occupancy.

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