Announcing the Release of Lodging Analytics Research & Consulting (LARC)’s 1Q-2023 Hotel Industry Outlook and Market Intelligence Reports
Lodging Analytics Research & Consulting
Better Lodging Forecasting for Better Business Decisions
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 6.3% to $99.15 in 2023, resulting in an annual RevPAR that is 15% above 2019 levels.?LARC anticipates ADR to rise by 4.3% this year to $155.29, or 19% above 2019 levels, while occupancy will increase 1.9% to 63.8%.??
Notwithstanding challenging capital markets, LARC anticipates 2023 U.S. Hotel EBITDA to grow by 10% and Hotel Values to increase 6%.?LARC estimates that 2022 Hotel Values were just 1% below 2019 levels and that both Hotel Values and Hotel EBITDA will reach 2019 levels in 2023.??
?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 the below link
On Tuesday March 7, 2023, 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.? Send an email to [email protected] for a a registration link.