The first quarter of 2025 brought solid performance results for U.S. hotels, but their outlooks for the year were impacted by ongoing market volatility.
Most of the top hotel companies reported RevPAR gains in Q1. However, several downgraded their full-year RevPAR expectations for 2025, citing economic uncertainty. Recent government actions, including President Donald Trump’s tariffs, have had swift downward impacts on market stability and traveler confidence.
The U.S. experienced “a sharp and widespread drop in inbound travel” to the U.S. in March, the World Travel & Tourism Council reported last week. According to the organization, the U.S. is on track to lose $12.5 billion in international visitor spending in 2025.
Development, though, remains a bright spot for hotel companies, which grew their portfolios and pipelines in the quarter.
Below is a roundup of Hotel Dive’s coverage of the top hotel companies’ first-quarter 2025 earnings results, with insights into what hospitality trends took shape in Q1 and how they will play out in the year ahead.
