Indiana North State Area - 2024 Q3

The Indiana North State Area shows promise for hotel investment, driven by job growth in manufacturing and healthcare. Key markets include South Bend-Mishawaka, Elkhart-Goshen, Fort Wayne, Indianapolis, and Terre Haute, which are experiencing a steady economic recovery. Manufacturing, especially in durable goods and automotive sectors, significantly contributes to job creation and economic stability. The area faces challenges like slow population growth and workforce retention. Overall, the hotel market is underperforming, ranking in the 32nd percentile nationally. The economy is moving toward stability which is a positive outlook for the hospitality sector. Click here to view a shortened preview of the report.