Indiana South State Area - 2024 Q3

This report analyzes the Indiana South State Area lodging market for 3Q 2024. Evansville's economy, driven by healthcare, faces slow job growth and population decline. The region is considered a risky investment, ranking in the 4th percentile nationally. Luxury hotels show recovery but struggle with demand, while upper-upscale properties have occupancy challenges. Upscale hotels are seeing supply growth, while midscale and economy classes face occupancy declines. The report includes key metrics like occupancy, ADR, and RevPAR across all classes. Manufacturing is a positive driver, but demographic issues present long-term challenges. Click here to view a shortened preview of the report.