Colorado Springs, CO - 2024 Q4

Colorado Springs' lodging market is underperforming, ranking in the 15th percentile nationally. The local economy is supported by healthcare, government, tech, and defense sectors. While unemployment is below the national average, rising housing costs present challenges. Investors are cautious, focusing on distressed properties. The market shows varied performance across hotel classes, with luxury and upper upscale performing relatively well. Occupancy, ADR, and RevPAR data indicate fluctuations. Tourism remains vital, with new hotel plans underway. The report includes detailed metrics for various hotel classes, along with analysis of strengths, weaknesses and performance rankings. Click here to view a shortened preview of the report.