PERSPECTIVE

Hotel debt markets remain liquid despite attenuated transactions

Contributed by MARK FISHER , MANAGING DIRECTOR , JLL HOTELS AND HOSPITALITY GROUP

The U . S . hotel market at the end of the first quarter of 2024 was operationally sound . Driven by robust average-daily-rate growth and limited new supply entering the market , national revenue per available room ( RevPAR ) of $ 90.03 was up 0.2 % over Q1 2023 and 13.2 % over Q1 2019 . Most of the U . S . hotel submarkets markets performed well — U . S . resort markets have continued to

38 hotelsmag . com July / August 2024