Colorado Springs, CO - 2024 Q3

This report analyzes the Colorado Springs lodging market for 3Q 2024. The local economy, driven by healthcare, tech, and defense sectors, shows moderate performance, ranking 61st nationally. Hotel performance varies by class; Luxury and Upper Upscale show strengths in demand, while Upscale and Upper Midscale face challenges. Occupancy, ADR, and RevPAR trends are detailed for each class, alongside key metrics and rankings. Tourism is a critical sector, and the housing market presents affordability concerns. The report provides a market overview, performance analysis, and brand representation insights. Click here to view a shortened preview of the report.