Chicago, IL - 2025 Q1

The MarketCompass Lodging Report for 1Q 2025 analyzes Chicago's hotel market amid a mixed economic landscape. While healthcare job growth and tourism recovery are strengths, slow overall growth and population decline pose challenges. The report ranks Chicago as a top-tier market, with variations in performance across hotel classes, trends in occupancy, ADR, and RevPAR are examined, alongside CRE performance, air passenger throughput, and brand representation. The report highlights strengths like guest room inventory and demand, but also challenges such as occupancy rates. It suggests cautious optimism for investors, focusing on sustainable growth sectors within hospitality. Click here to view a shortened preview of the report.