Connecticut State Area - 2024 Q3

This report analyzes the Connecticut State Area lodging market through 3Q 2024. New Haven's economy, driven by education and healthcare, influences regional trends, though retail and manufacturing are weak. The report ranks the overall market as "Moderate," with varying performance across hotel classes. Luxury and Upper Upscale classes exhibit strengths in ADR and occupancy, while others face supply and demand challenges. Occupancy, ADR, and RevPAR trends are detailed for each class. The report also covers brand representation, investment risk, air passenger data, and published rates. Future outlooks cautiously optimistic, with a focus on education and healthcare. Click here to view a shortened preview of the report.