Milwaukee, WI - 2024 Q3

Milwaukee's lodging market faces economic headwinds, including job losses and a shrinking workforce, although the housing sector remains strong. Manufacturing is stressed by interest rates, but healthcare provides some stability. Population growth is slow, potentially impacting hospitality demand. The overall market ranks below average nationally, requiring value-add strategies for investors. The luxury and upper upscale classes show the strongest performance, while the upscale class is struggling. Occupancy, ADR, and RevPAR trends are analyzed across six classes, with detailed metrics provided from 1990 to September 2024. Click here to view a shortened preview of the report.