Tue Oct 08 17:41:33 UTC 2024: ## Global Hotel Industry Shows Mixed Performance in 2024
**New York, NY – October 2nd, 2024** – The global hotel industry is experiencing a mixed bag of fortunes in 2024, with some regions thriving while others face challenges. According to a new report by CBRE Hotels Research, economic pressures and limited new supply are leading to a slowdown in the U.S. market, while Europe is seeing steady growth driven by major events and international travel.
The Gulf States are witnessing strong revenue increases, although geopolitical uncertainties pose a potential threat to future performance. The Asia Pacific region is experiencing a rebound, though challenges like aircraft shortages remain.
The report highlights the impact of factors such as short-term rentals and concerns over overtourism on global hotel dynamics.
The Skift Travel 200 (ST200), an index tracking the financial performance of nearly 200 travel companies, offers a comprehensive overview of the hotel and short-term rental sector’s performance. The index includes companies listed across global markets, including international and regional hotel brands, hotel REITs, hotel management companies, alternative accommodations, and timeshares.
While the report suggests modest pressures from economic uncertainty and competition, the hotel industry appears to be holding its own with no significant losses across regions.
**To access the full report and gain exclusive insights into the global hotel industry, subscribe to Skift Pro and enjoy 20% off your first year.**
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