HVS Report & The Changing Landscape and Recovery of the Newark Airport Hotel Market & By Cole Masler
The Newark Airport hotel market has faced significant adjustments since the onset of the COVID&19 pandemic. Changes to the submarket’s hotel supply, coupled with the rebound in passenger levels through Newark Airport, have resulted in a slow but steady recovery of the hotel market. Recent and upcoming expansion projects at Newark Airport support a positive outlook.
The Newark Airport hotel market has faced significant adjustments since the onset of the COVID&19 pandemic. Changes to the submarket’s hotel supply, coupled with the rebound in passenger levels through Newark Airport, have resulted in a slow but steady recovery of the hotel market. Recent and upcoming expansion projects at Newark Airport support a positive outlook.
