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

Assisted living and memory care fail for financial reasons, not demographic ones. This MMCG analysis frames feasibility as a coverage test, showing how durable private-pay revenue, the 18-to-30-month lease-up, and the chosen capital structure, from HUD Section 232 to SBA, USDA, and conventional debt, determine whether a community is bankable.

The dispositive saturation test is never population per rooftop. How the right denominator, vendor universe, and vintage decide whether a feasibility study is bankable.

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