In 2020, the hotel sector was heavily impacted by the coronavirus (COVID-19) pandemic and travel restrictions. The demand for hotel real estate in the United States fell to 0.82 billion square feet in that year, but has improved since. In 2022, the total demand stood at 1.27 billion square feet.
Demand for hotel real estate in the United States from 2016 to 2022 (in billion square feet)
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Cushman & Wakefield. (March 8, 2023). Demand for hotel real estate in the United States from 2016 to 2022 (in billion square feet) [Graph]. In Statista. Retrieved June 13, 2024, from https://www.statista.com/statistics/1269624/hotel-real-estate-demand-usa/
Cushman & Wakefield. "Demand for hotel real estate in the United States from 2016 to 2022 (in billion square feet)." Chart. March 8, 2023. Statista. Accessed June 13, 2024. https://www.statista.com/statistics/1269624/hotel-real-estate-demand-usa/
Cushman & Wakefield. (2023). Demand for hotel real estate in the United States from 2016 to 2022 (in billion square feet). Statista. Statista Inc.. Accessed: June 13, 2024. https://www.statista.com/statistics/1269624/hotel-real-estate-demand-usa/
Cushman & Wakefield. "Demand for Hotel Real Estate in The United States from 2016 to 2022 (in Billion Square Feet)." Statista, Statista Inc., 8 Mar 2023, https://www.statista.com/statistics/1269624/hotel-real-estate-demand-usa/
Cushman & Wakefield, Demand for hotel real estate in the United States from 2016 to 2022 (in billion square feet) Statista, https://www.statista.com/statistics/1269624/hotel-real-estate-demand-usa/ (last visited June 13, 2024)
Demand for hotel real estate in the United States from 2016 to 2022 (in billion square feet) [Graph], Cushman & Wakefield, March 8, 2023. [Online]. Available: https://www.statista.com/statistics/1269624/hotel-real-estate-demand-usa/