Summary
This technical report presents an analysis of the hotel market performance in the Midwest region, which encompasses 16 major cities across Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Minnesota, Missouri, Nebraska, Ohio, and Wisconsin. The report utilizes data from Kalibri Labs to evaluate the RevPAR (Revenue Per Available Room) Performance Index, comparing year-to-date RevPAR for each Midwest market against the average of the top 104 U.S. hotel markets. A baseline index of 1.0 indicates parity with the average, while values above or below this threshold signify relative performance. The report also includes a market supply overview, detailing upcoming hotel developments in the Kansas City area, with specific information on room counts and expected completion dates. The analysis aims to provide stakeholders with a comprehensive understanding of market dynamics and future supply trends, enabling informed decision-making regarding investments and operational strategies in the hospitality sector.
