Jason Guggenheim

May 30, 2023 | bcg.com | Adam Goldberg |Jason Guggenheim

By , , , Adam Goldberg, , Jason Guggenheim, , , and Tom McCaleb Reading time: 12 min The signals conflict. Occupancy rates, average daily room rates (ADRs), and revenue per available room (RevPAR) are up. New construction is down—to 2015 levels. Looking ahead, demand is expected to rise, but so may interest rates. Our latest industry survey shows that four out of five hotel owners view hotels as unattractive investments in high-interest-rate environments.