U.S. Lodging Industry and Market Outlook – June 2021
LARC has released its latest Market Intelligence Reports for the top-26 markets and the U.S. overall.
LARC has released its latest Market Intelligence Reports for the top-26 markets and the U.S. overall.
LARC expects U.S. RevPAR to increase by 30.6% in 2021 and increase at a 16.0% CAGR from 2020 through 2025 (5-year outlook). LARC also anticipates U.S. hotel property values to increase 1.2% in 2021 and increase at a 6.7% CAGR from 2020 through 2025. We forecast ADR and asset values to recover to 2019 levels by the end of 2022, while RevPAR and EBITDA reach 2019 levels in 2023 and occupancy in 2024.
With regards to 2021, our outlook for lodging fundamentals has improved considerably related to the acceleration in vaccine distribution from the first two months of the year (data our March forecast was based on). However, it is essentially a pull forward of growth from later years, as we expect 2023 RevPAR to be essentially the same now as we did last quarter.
For more detail on our current U.S. industry forecast and color on some of the U.S. cities we expect to be the best and worst performing markets, please download the document below.
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