Forecast

Jacob Bruno, Senior Forecasting Analyst at STR, gives an overview of the 2025 U.S. hotel forecast revision.

An extended version of our U.S. Market Forecast Assumptions analysis can be found here. 

In January 2026, Amsterdam’s VAT rate for overnight accommodation is expected to increase from 9% to 21%, affecting a range of lodging options from hotels to B&Bs to short-term rentals. Heading into a year of change, hotel performance in the market has left something to be desired. 

Market Forecasts, produced by STR and Tourism Economics, provide you with the insights needed to anticipate future performance. 

Europe short-term outlook:

Short- and medium-term RevPAR projections for STR’s 31 European forecast markets have been downgraded. For 2025, RevPAR is expected to grow 0.7% for the 31 markets in aggregate, while 2026 RevPAR is projected for similar growth of 0.8%.

Market Forecasts, produced by STR and Tourism Economics, provide you with the insights needed to anticipate future performance. Based on the industry and economic assumptions below, forecast subscriptions are available for purchase here. 

Kelsey Fenerty, Manager of Analytics at STR, gives a quick overview of the global market forecast. 

An extended version of our Global Market Forecast Assumptions analysis can be found here.

Isaac Collazo, Senior Director of Analytics at STR, gives an overview of the 2025 U.S. hotel forecast revision.

An extended version of our U.S. Market Forecast Assumptions analysis can be found here.

This past weekend, the United States kicked off its duties as host of the 2025 FIFA Club World Cup (CWC), a precursor to next year’s World Cup, which will be hosted by the U.S., Canada and Mexico.  

This year’s 63-match tournament kicked off in Miami on 14 June and culminates with the title game in New Jersey’s MetLife Stadium on 9 July. Overall, matches will be played in a total of 11 U.S. markets: 

Market Forecasts, produced by STR and Tourism Economics, provide you with the insights needed to anticipate future performance. 

Europe short-term outlook: 

Aggregated growth in revenue per available room (RevPAR) for STR’s 31 European forecast markets is projected at 1.7% for 2025, a downgrade from the 2.4% increase projected in February 2025. 

Market Forecasts, produced by STR and Tourism Economics, provide you with the insights needed to anticipate future performance. 

U.S. Topline

The top-line U.S. RevPAR forecast has been downgraded 80-basis points to +1.0%. The downgrade is driven by a combination of calendar shifts, weakening macroeconomic indicators, and uncertainty caused by erratic tariff implementation and large-scale federal job losses as well as increasingly soft international inbound travel.

Market Forecasts, produced by STR and Tourism Economics, provide you with the insights needed to anticipate future performance. 

Europe short-term outlook: 

Aggregated growth in revenue per available room (RevPAR) for STR’s 31 European forecast markets is projected at 2.4% for 2025, a modest improvement from 2.0% in November 2024. Despite the top-line change, expectations for most markets are functionally unchanged from last quarter. The RevPAR upgrade comes from changes in a few key markets.