Indiana North State Area - 2025 Q1

The MarketCompass Lodging Report for 1Q 2025 analyzes the Indiana North State Area's hotel market. It highlights that the area's economy is steadily recovering, driven by manufacturing, healthcare, and education sectors, especially in South Bend-Mishawaka, Elkhart-Goshen, Fort Wayne, Indianapolis, and Terre Haute. While manufacturing boosts hospitality through business travel, the region faces challenges like slow population growth and workforce retention, impacting long-term hospitality demand. The report ranks lodging market performance and provides key metrics like occupancy, ADR, and RevPAR across different hotel classes, alongside CRE performance insights. Click here to view a shortened preview of the report.