Grand Rapids-Michigan West - 2025 Q1

The MarketCompass Lodging Report for Grand Rapids-Michigan West in 1Q 2025 reveals a below-average market performance ranking in the 39th percentile nationally. While nonfarm payrolls remain flat, revisions indicate potential growth in public and finance sectors. Manufacturing remains a strong base, with anticipated investments in biotech and healthcare potentially increasing hotel demand. The report analyzes key metrics like occupancy, ADR, and RevPAR across hotel classes, from luxury to economy. It also examines investment rates, risk factors, air passenger throughput, published rates, and general CRE performance, offering a forward-looking perspective on evolving market conditions. Click here to view a shortened preview of the report.