AHLA&埃森哲：2025年美国酒店行业现状分析报告（英文版）

After the vibrant rebound in post-pandemic demand, the U.S. hotel industry has been navigating a period of stagnation. Year-over-year occupancy rates remained essentially unchanged in 2024 and average daily rates (ADR) and revenue per available room (RevPAR) flattened, signaling a shift toward normalization in travel patterns.1 In an environment where operating costs are outpacing revenue growth in many areas, cost-conscious behavior remains important, but identifying new revenue streams beco