Newark, NJ - 2024 Q3

This report analyzes Newark, NJ's lodging market, highlighting economic drivers like healthcare and challenges such as population decline and high living costs. The market is ranked as underperforming nationally, with varying performance across hotel classes. Luxury and Upper Upscale classes show weaker cap rates, while Upper Midscale is strong in demand growth. Occupancy, ADR, and RevPAR trends are detailed for each class, alongside brand representation and investment risk. Air passenger data and published rates are also included, providing a comprehensive view of Newark's hotel landscape. Click here to view a shortened preview of the report.