Average daily rates in the U.S. - additional information
The average daily rate of hotels in the United States rose steadily from 83.62 U.S. dollars in 2001 to 107.42 U.S. dollars in 2008. After taking a dip of over nine U.S. dollars in 2009, the average daily rate increased each year to reached 123.97 U.S. dollars in 2016. The average daily rate of hotels in the Americas in 2016 was 123.37 U.S. dollars – much lower than in the Middle East and Africa where the average daily rate was 149.02 U.S. dollars. The geographical region with the lowest average daily rate was Asia Pacific at 100.46 U.S. dollars.
In 2016, the occupancy rate of hotels in the United States was 65.5 percent. This figure was much higher than the one seen during the global recession of 2009, which was 54.6 percent. The revenue per available room had also increased since 2009 in the U.S. from 53.57 U.S. dollars to 81.19 U.S. dollars in 2016. In 2016, the most expensive city in the U.S. in terms of average daily rate was Boston, followed by New York, San Francisco, Washington and Los Angeles.
The largest hotel company in the world in terms of revenue in 2015 was InterContinental Hotels Group with 24 billion U.S. dollars. Its closest competitor was Marriott International with 14.5 billion U.S. dollars. Despite only generating 5.54 billion U.S. dollars in revenue in 2015, the Wyndham Hotel Group had the most hotels worldwide as of January 2015.