Market Performance Overview: Occupancy, ADR, and RevPAR The U.S. hospitality sector enters 2026 in the middle of a quiet but consequential reversal. In 2025 the industry recorded something it had never before posted outside of a recession: a full-year decline in revenue per available room. RevPAR slipped roughly 0.3% as occupancy gave back about 1.2%, and the air went out of a recovery that many operators had assumed would carry through the decade (1)(3). The cause was not a

How Throughput, Recurring Revenue, and Capital Structure Determine Bankability under SBA 7(a), SBA 504, and USDA Loan Programs Executive Summary The express exterior car wash has become one of the most actively financed small-business real estate assets in the United States, and one of the most exposed to a single analytical question: can the revenue line clear debt service through stabilization? For a low-labor, high-throughput tunnel, feasibility is almost entirely a revenu

The one-in-five problem Roughly one in every five dollars the Small Business Administration guarantees flows to a franchise (1). That is a remarkable concentration for a single business form, and it explains why the franchise question sits close to the center of small-business credit. It also sets up a contradiction that most loan files never resolve. Franchising is large and, by its own accounting, healthy. Heading into 2026 the sector is on track to produce about $921 billi

A newly delivered Class A warehouse. In 2026 industrial sits at or just past peak vacancy near 6.7 to 7.3 percent, with deliveries at their lowest since 2017 and absorption forecast to overtake new supply. For a build like this, the feasibility conclusion turns on the lease-up: how fast comparable space filled, and when the ramp crosses the occupancy that covers debt service. 1. Why the Gap Is the Conclusion A feasibility study does not answer whether there is demand. It answ