Newark, NJ - 2025 Q1

The MarketCompass Lodging Report for Newark, NJ in 1Q 2025 highlights the city's economic challenges, including sluggish payroll growth and population decline due to high living costs. Healthcare remains a strong economic driver, benefiting hotels catering to medical professionals. Newark's lodging market is underperforming compared to other US markets, leading to investor skepticism. The report analyzes key metrics like occupancy, ADR, and RevPAR across various hotel classes, revealing strengths and weaknesses for each. Trends from 1990 to March 2025 are examined, alongside recent data, to provide a comprehensive market overview. Click here to view a shortened preview of the report.