Buffalo, NY - 2024 Q4

This report analyzes Buffalo, NY's lodging market for 4Q 2024. Buffalo's economy is driven by healthcare and education, but faces challenges like population decline and lagging employment. The overall market performance is below average, ranking in the 44th percentile nationally. Luxury and upper upscale classes show weaker performance, while upscale hotels are prosperous. Investment rates and risk vary by class. Air passenger throughput data is provided. The report details occupancy, ADR, and RevPAR trends, and highlights top performing and struggling classes. Brand representation and notable hotel rankings are also included. Click here to view a shortened preview of the report.