Advertisement
Press Release Markets & Performance

U.S. Lodging Industry and Market Outlook – 3Q-2021

LARC has released its latest Market Intelligence Reports for the top-26 markets and the U.S. overall.

LARC
United States

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 49.9% in 2021 and increase at a 16.8% CAGR from 2020 through 2025 (5-year outlook). LARC also anticipates U.S. hotel property values to increase 19.5% in 2021 and increase at a 7.0% CAGR from 2020 through 2025. We forecast ADR to recover to 2019 levels by the end of 2022, while RevPAR, Hotel EBITDA an asset values reach 2019 levels in 2023 and occupancy in 2024.

Our outlook for 2021 lodging fundamentals has improved as the summer leisure season has been even stronger than expected, particularly related to ADRs. However, it is essentially a pull forward of growth from later years, as our longer-term outlook for RevPAR is only slightly higher than last quarter’s.

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.

Media Contact

Ryan Meliker

President [email protected]

Markets & Performance Markets & Performance USA & Canada United States
LARC
Consultant

Lodging Analytics Research and Consulting (LARC) provides a full suite of premium services to assist lodging companies formulate astute business decisions through transparent and advanced analytics driven forecasting. LARC blends the unique combination of deep lodging industry knowledge and a high level of analytical rigor, which creates an unparalleled expertise in desktop analysis and forecasting across the lodging industry.