IMA – Hospitality Insurance Pricing & Market Update, Q1 2025

The main theme of the report concerns the state and prospects of the hospitality industry, including restaurants, bars, hotels, and casinos in 2025.

Key findings include improvements in traffic, costs, and profits for restaurants and bars due to decreasing inflation and increased technology use. These trends are expected to continue in 2025 with a focus on food quality and unique consumer experiences. Hotels and casinos are anticipated to see business growth driven by travelers seeking immersive experiences and an increase in group travel. Hotel occupancy rates are expected to reach 63% in 2025, with revenue per room (RevPAR) increasing by 1.5%. Interest in luxury hotels and real estate investment continues to rise.