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US hotel demand regains momentum in the first quarter after last year’s slowdown

Strong luxury results, improving limited-service performance point to sustained travel
CoStar Analytics
April 28, 2026 | 6:27 P.M.

First-quarter revenue per available room points to a resilient U.S. hotel industry across most price points, following a year of steady deceleration in 2025, signaling durable demand from both the traveling public and corporate customers.

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