Hotel Index Performance
The hotel index overperformed the broader NASDAQ market and
underperformed the S&P market over the three months ending
September 30, 2024, posting a gain of 4.26%.
Leading Industry Indicators
Sources: 1CoStar September Monthly Hotel Report and
2Ankura Q2 U.S. Economic Overview
Year over Year Change Ending September 30, 2024 (RevPAR, ADR, OCC,
CCI, GDP, CCD, AIR)
The Big Story
The hotel industry has undergone rapid growth over the last
decade with industry leaders increasing their top line revenues
through acquisitions, which has ultimately led to unprecedented
brand saturation. With over 17.5 million guestrooms across 187,000
hotels worldwide, the landscape has shifted from limited choices to
a highly competitive market featuring over 1,200 hotel brands,
including major players like Wyndham Hotel Group and
Marriott1.
