Charleston, SC - 2024 Q3

The Charleston, SC lodging market is experiencing economic growth fueled by tourism and manufacturing, with strong job gains and low unemployment. Tourism is a key driver, supported by the airport's increased passenger traffic. However, rising housing costs pose a challenge. The overall market ranks below average nationally, with varying performance across hotel classes. The luxury class shows strong recovery, while economy lags. Investment rates differ per class, with midscale showing the strongest performance. Occupancy, ADR, and RevPAR trends are tracked historically and by class. Click here to view a shortened preview of the report.