LARC's Revised U.S. Lodging Forecast- RevPAR 5% Above 2019 Levels This Year

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 27% to $91.48 in 2022, which would put 2022 RevPAR 5% above 2019 levels.?The recovery is driven by continued strength in ADR.?LARC expects ADR to be up 17% this year to $146.19, which is 11% above 2019 levels.?However, LARC has a more conservative view of the occupancy recovery.?LARC expects occupancy to rise 9% in 2022 to 62.6% and expects occupancy to stabilize around 63% in 2023, well below 2019 levels.??

LARC also anticipates U.S. Hotel EBITDA to grow by almost 60% in 2022 and hotel values to increase 8% in 2022.??We believe that on average, U.S. hotel values will recover to 2019 levels this year and Hotel EBITDA will do so by 2023.??

We will be hosting a complimentary webinar on Tuesday June 14, 2022 at 2:00 PM ET to discuss our current outlook. Email us at information@larcanalytics for a registration link.