Marcus & Millichap

Northeast Hospitality Investment Forecast

First Half 2019

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Visitors and Investors Flock to Northeast Region Hotels

Maine leads RevPAR growth as first-time visitation raises room demand throughout the state. Strong room demand will improve regional occupancy at a pace about the national rate for the third consecutive year. Nearly every state in the Northeast generated considerable increases in occupancy last year, with Maine, Massachusetts and New Hampshire posting advances of more than 150 basis points each. Occupancy growth will persist in these three states throughout 2019, though at a moderated pace. Maine, in particular, continues to lure a considerable number of first-time visitors. Many travelers from the East Coast are vacationing here, drawn to the state’s numerous outdoor recreational activities and relative proximity to their home states. As a result of rising demand, Maine will likely produce the largest RevPAR growth in the region.

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