Greenville-Spartanburg, SC - 2024 Q3

This MarketCompass Lodging Report analyzes the Greenville-Spartanburg, SC hotel market for 3Q 2024. The region faces economic challenges, but healthcare and education sectors drive job growth. Manufacturing is poised for a rebound. The overall hotel market ranks below average nationally. Performance varies by class, with luxury and upper-upscale segments underperforming, while upscale is moderate. Key metrics like occupancy, ADR, and RevPAR are presented for each class. Occupancy shows a mixed picture, while ADR and RevPAR generally increased. The report also provides insights into brand representation, investment risks, air travel, and published rates. Future growth is expected from population increases and healthcare demand. Click here to view a shortened preview of the report.