LARC's 4Q-2022 U.S. Lodging Industry Outlook
Dec 8, 2022
2:00 PM – 3:00 PM EDT
Online Event
We will walk through our current outlook and discuss some highlights of our U.S. Market forecasts.
LARC has released its latest Market Intelligence Reports for 50 markets under current coverage, including the U.S. overall.
LARC expects U.S. RevPAR to increase by 30.7% to $93.90 in 2022, resulting in an annual RevPAR that is 8% above 2019 levels. The recovery is driven by continued strength in ADR. LARC anticipates ADR to rise by 19.5% this year to $149.02, or 14% above 2019 levels, while occupancy will increase 9.3% to 63.0%. For 2023, LARC expects occupancy to increase 1.5% to 63.9%, ADR to grow 5.3% to $156.88 and RevPAR to rise 6.8% to $100.32.
LARC does not expect occupancy to approach 2019 levels during this cycle.
Despite challenging capital markets, LARC anticipates 2022 U.S. Hotel EBITDA to grow by nearly 80% and hotel values to increase 12%. We believe that values and Hotel EBITDA will reach 2019 levels this year.
For more detail on our views that shape our current U.S. industry forecast as well as color on several of the U.S. cities we expect to be the best and worst performing markets, click here.
On Thursday December 8, 2022, at 2:00 pm EST, we will be hosting a webinar to walk through our current U.S. outlook, provide high-level key takeaways from our market forecasts and answer any questions you may have.
Please contact us if you are interested in learning more about LARC's industry-leading Market Intelligence capabilities.
Better Market Intelligence
LARC's Market Intelligence Reports offer more than industry-leading market information and data, they include short-term and long-term forecasts for the following key outputs on a market-wide basis, updated quarterly:
- Supply
- Demand
- Occupancy
- ADR
- RevPAR
- Expense growth
- EBITDA growth
- Cap Rates
- Property value growth
LARC's reports provide transparent predictive modeling and back-testing to help you get comfortable that our forecasts are as accurate as possible. Additionally, LARC reports offer transparency related to our model drivers and sensitivity tables on the most influential variables. In these uncertain times, the importance of more accurate and more transparent forecasting is even greater than before. We believe that better lodging forecasting leads to better business decisions.
Media Contact
Ryan Meliker
President [email protected]