Buffalo, NY - 2024 Q3

Buffalo's lodging market shows a mixed performance. Healthcare and education drive demand, while population decline and underperforming manufacturing pose challenges. The market ranks moderately overall, with varied class performance. The Upscale class is a top performer, while Luxury lags. Occupancy, ADR, and RevPAR show fluctuations across classes. Investment risk is low for strong markets, with some classes showing favorable expectations. Air passenger traffic is recovering. Hotel brands have varying representation. Supply and demand show strengths and weaknesses in different segments. The report offers a detailed analysis of hotel performance. Click here to view a shortened preview of the report.