LARC has released its latest Market Intelligence Reports for 44 markets under current coverage and the U.S. overall.

LARC expects U.S. RevPAR to increase by 56.2% in 2021, 20.2% in 2022 and increase at a 17.1% CAGR from 2020 through 2025 (5-year outlook). LARC also anticipates U.S. hotel property values to be 10% below 2019 levels by year-end 2021, on par with 2019 values in 2022 and 8% above 2019 values by 2025. We forecast ADR and hotel values to recover to 2019 levels by 2022, while RevPAR and Hotel EBITDA reach 2019 levels in 2023 and occupancy stabilizes just below 2019 levels by 2025.

Our outlook for 2021 lodging fundamentals has improved as the impact of the Delta variant waned more quickly than expected in September. Additionally, ADR growth (or resiliency) has exceeded our expectations, driving our long-term ADR outlook to be higher than previously expected.

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.

Ryan Meliker
President
Lodging Analytics Research & Consulting, Inc

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