Skift Take
America's economy hotels experienced a case of the first-quarter blues as the budget travel crowd appeared to spend less. Could inflation be to blame?
Early Check-In
Editor’s Note: Skift Senior Hospitality Editor Sean O’Neill brings readers exclusive reporting and insights into hotel deals and development, and how those trends are making an impact across the travel industry.
U.S. budget hotels performed less well in the first few months of the year than they did a year ago. Does that weakness signal some U.S. travelers feel a pinch from inflation?
America's economy-class hotels had 6% lower revenue per available room in the first quarter than they did a year ago, according to CoStar's STR, which has received preliminary rate data from tens of thousands of rooms nationwide. Brands like Econo Lodge, Days Inn, Super 8, and SureStay aren't performing as well as higher-end brands.
Chain Scale SegmentYear-over-year growth for the first quarterTotal U.S.0.20%Luxury-0.30%Upper Upscale3.00%Upscale0.40%Upper Midscale-2.00%Midscale-4.50%Economy -6.50%Source: STR.
Saying that per