Hartford, CT - 2024 Q3

Hartford, CT's lodging market faces economic headwinds, with stagnant employment and high unemployment, but the construction sector and financial services offer growth. The market is considered risky, ranking in the 9th percentile nationally. While some hotel classes show positive year-to-date occupancy and RevPAR changes, others lag significantly. The luxury segment shows strength in recovery and occupancy, but suffers in revenue. The upscale class also faces supply challenges. The report analyzes key metrics like occupancy, ADR, and RevPAR across hotel classes, also noting brand representation and investment risk. Click here to view a shortened preview of the report.