2025 Hospitality Investment Outlook

Like the U.S. economy as a whole, the hospitality sector entered 2025 on strong footing before a wave of executive orders from the new administration clouded the outlook. The ongoing potential for U.S. trade, immigration and other policies to change on short notice requires hotel operations and investors to be nimble. To help navigate this complex environment, Marcus & Millichap presents the 2025 Hospitality National Investment Outlook.

Key Features Include:

• Deep dive into the factors affecting hotels both nationally and locally
• Breakdown of evolving patterns in travel, operating costs, and chain scale performance
• Analysis of the most recent capital markets and investment sales trends