EMEA hotel performance continued to set records throughout 2024, exceeding 2019 levels by 25.3% and growing 5.6% compared to 2023. Taylor Swift’s Eras Tour, the Paris Olympics and a strong US dollar all contributed to exceptionally strong demand. Asia Pacific RevPAR grew a modest 1.6% relative to 2023 but continues to lag behind 2019 performance, impacted by ongoing visa challenges and a slowing economy in China. Conversely, international travel into the region has soared, driven by depreciating currencies. In the Americas, RevPAR reached a historic high as of November 2024 but increased only 1.9% year-over-year, a result of declining consumer savings and a noticeable pullback in leisure travel.