Portland, ME - 2025 Q1

The MarketCompass Lodging Report for Portland, ME, in 1Q 2025, analyzes the area's hotel market performance. Portland's economy is supported by diverse industries and growing tourism, though job growth lags nationally. The tourism sector shows promise for increased visitation, impacting hotel occupancy. The report ranks Portland's lodging market as risky, specifically in the 7th percentile, requiring careful investment strategies. It details key metrics like occupancy, ADR, and RevPAR across various hotel classes. Challenges include demographic decline and labor shortages, requiring strategic adjustments for hotel operators. The report covers CRE performance and provides a forward-looking outlook. Click here to view a shortened preview of the report.