New Jersey Shore - 2024 Q3

The MarketCompass Lodging Report for the New Jersey Shore in 3Q 2024 analyzes the region's hotel market. Atlantic City's tourism sector supports hotel investment, while job growth and labor force decline pose challenges. The market is ranked "moderate," 67th out of 110. The report details performance by hotel class (Luxury to Economy), including occupancy, ADR, and RevPAR. Upscale hotels lead in performance, while the Economy class lags. The report also covers investment rates, air passenger throughput, and brand representation. Demographic shifts and healthcare industry dynamics influence the hospitality sector’s long-term prospects. Click here to view a shortened preview of the report.