NEW YORK CITY – A new research and analytics firm is coming online in the New York City market. Hotel industry veteran Ryan Meliker is spearheading the launch of Lodging Analytics Research & Consulting as president and co-founder to provide the hotel sector with specialized data analytics to inform their processes.
"I am excited to announce the launch of LARC, which we expect to become an integral partner to hotel industry leaders, by using complex analytical forecasting methodologies to help owners generate best-in-class returns, property managers maximize profits and lodging industry service providers utilize best-in-class market intelligence," said Ryan Meliker, president & co-founder in a prepared statement.
LARC utilizes a framework based on an analytical approach, customized on a case-by-case basis to provide detailed-specific analysis for clients' decision-making processes. Meliker birthed LARC from a process that combines expertise on and in Wall Street, hotel operations, lodging consulting and investment advisory, and direct hotel investments for its desktop analysis and forecasting across the lodging industry. LARC's service offerings include research products, market intelligence reports, custom research and advisory services and investor relations advisory services.
"LARC's market intelligence reports are unlike anything currently on the market, including detailed data on the lodging market as well as transparent forecasts of revenue growth, expense growth, EBITDA growth and property values over the next five years for the U.S. nationally and each of the 25 largest hotel markets in the country," said Daniel Lesser, managing partner and co-founder, in a prepared statement.
LARC has released its initial U.S. hotel industry forecast. Currently, LARC expects U.S.revenue per available room to grow at 0.2% in 2020 and at a 1.8% compound annual growth rate over the next three years. LARC also expects property values across the U.S. to decline by 4.8% in 2020 and at a 0.8% CAGR over the next three years.
"LARC's approach to market intelligence is all-encompassing, data-centric and transparent," said Evan Weiss, managing partner and co-founder in a prepared statement. "LARC will serve as an integral and vital partner to all real estate and lodging companies looking for the best possible information to help them make the most informed business decisions."
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Mariah Brown
Mariah Brown is the New York Bureau Chief and Real Estate Reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.
