Rhode Island State Area - 2025 Q1

The 1Q 2025 MarketCompass Lodging Report analyzes Rhode Island's hotel market, impacted by Providence's economy. Healthcare and manufacturing drive job growth, boosting hospitality demand, while a declining housing market poses risks. The report ranks hotel classes, noting Luxury and Upper Upscale as "Prosperous" while Upper Midscale and Midscale are "Under-Performing." Investment rates and risk are assessed by class, alongside air passenger throughput and published rates, noting strengths in COVID recovery and challenges in occupancy. CRE performance data for Providence is included, with a look forward into 2025 hotel market conditions. Click here to view a shortened preview of the report.