LARC Releases 1Q-2022 U.S. Lodging Forecast Update
Ryan Meliker
President and Co-Founder at Lodging Analytics Research & Consulting (LARC)
Announcing the release of Lodging Analytics Research & Consulting (LARC)’s 1Q-2022 Hotel Industry Market Intelligence Reports and Webinar
LARC has released its latest Market Intelligence Reports for our "off-the-shelf" coverage of 44 U.S. markets and the U.S. overall.
LARC expects U.S. RevPAR to increase by 18.4% in 2022, driven by a 4.4% increase in occupancy and a 13.4% increase in average daily rate.?LARC also anticipates U.S. Hotel EBITDA to grow by almost 60% and hotel values to increase 12% in 2022.??We continue to forecast ADR and hotel values to recover to 2019 levels in 2022, while RevPAR and Hotel EBITDA will reach 2019 levels in 2023 and occupancy stabilizes slightly below 2019 levels by 2023.??
?Our 2022 outlook for demand declined driven by the Omicron variant and?its 1Q-2022 impact.?However, that decline was offset by a lower supply growth outlook and an improvement in ADR growth, resulting in 2022 RevPAR that is almost unchanged from a?quarter ago.
While we have a positive view of the lodging recovery, each market will recover and grow at a different pace and understanding the nuances of individual lodging markets will be critical to making smart business decisions. Our data can help!!!
On Thursday March 10, 2022 at 3:00 pm EST, we will be hosting a webinar to walk through our methodology, provide high-level key takeaways from our forecasts and answer any questions you may have.?
Please email?[email protected]?to learn more or for a link to register for the free webinar.
Property Tax Consultant
3 年Always on point, insightful and thoughtful analysis commentary.
Co-Founder, President, & CEO at LW Hospitality Advisors | Hospitality Real Estate | Appraisals, economic feasibility evaluations, investment counseling, asset management, receivership, and transactional services.
3 年Lodging Analytics Research & Consulting (LARC) is producing cutting edge predicative analytics for the U.S. hotel sector including 44 markets throughout the nation. I am grateful for our many institutional clients who continue to recognize the value of LARC's unique work, which is not available elsewhere. If you are not familiar with LARC, I urge checking it out.