Florida Keys - 2024 Q3

The MarketCompass Lodging Report for the Florida Keys in 3Q 2024 analyzes the performance of various hotel classes. The Keys ranked in the 25th percentile nationally, indicating underperformance. While Miami's economy shows growth, job growth is slowing. Saginaw's manufacturing is sluggish, but healthcare is growing. The report details hotel performance metrics like occupancy, ADR, and RevPAR for luxury, upper upscale, upscale, upper midscale, midscale, and economy classes. Each class has strengths and challenges, influencing investment. Occupancy and RevPAR trends are detailed over time, as well as a list of the largest hotels in each class. Click here to view a shortened preview of the report.