North America
North America has experienced significant rate increases as hotels - already contending with high inflation and skills shortages – met a wave of leisure-driven demand.9 In spite of a slowing economy, 2024 is expected to bring further rate increases particularly in major convention destinations.10
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Top business destinations for Amex GBT customers: City forecasts
Canada
Vancouver +8.9%
Montreal +8.3%
Toronto +6.7%
United States
Chicago +12.6%
Boston +11.3%
San Jose +10.2%
Portland +9.5%
Dallas +8.2%
Atlanta +7.5%
Newark +7.2%
New York +6.8%
San Francisco +6.2%
Charlotte +4.6%
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