The results for RealRate’s 2024 ranking for U.S. Hotels are in and are ranked, as always, by financial strength!
The Top 10 companies in the Hotel industry are as follows:
Source: https://realrate.ai/ranking-area/2024-us-hotels/
The top 3 Hotel companies in order are Target Hospitality Corp., Boyd Gaming Corp., and Monarch Casino Resort Inc.
They had Economic Capital Ratio figures of 496%, 234%, and 210%, respectively.
All 3 companies did well due to strong Net Income, Other Liabilities, and Other Revenues, respectively. These increased the companies’ Economic Capital Ratio scores by 405, 122, and 138 percentage points, respectively.
All 3 companies retain their same ranking as the last number, so a huge congratulations to all 3!
From the Hotel industry, we ranked 27 companies, and 6 received our sought after ‘Top-Rated’ award.
The next 10 Hotel companies are as follows:
Source: https://realrate.ai/ranking-area/2024-us-hotels/
The U.S. hotel industry remains a dynamic sector, influenced by travel trends, economic conditions, and shifting consumer preferences. Demand continues to be driven by business and leisure travelers, with luxury and boutique hotels gaining popularity.
Technology integration, sustainability efforts, and personalized guest experiences are key focuses for hotels aiming to stay competitive.
In 2024, the U.S. hotel industry experienced a 2.6% increase in revenue per available room in December, surpassing the year’s average growth of 1.0%. The market is projected to reach $114.74 billion in revenue by 2025.
Despite challenges, such as a 1.3% decline in RevPAR in September 2024, the industry shows resilience and growth potential.
The incredible thing we do at RealRate is to deliver fair and independent ratings, bringing together expert knowledge with innovative artificial intelligence.
We use both to compute the Economic Capital Ratio figure.
We are unbiased and work only with audited public data. We are not only fair but also explainable and have no conflicts of interest.
RealRate: revolutionizing the ratings industry one rating at a time.
