Lexington, KY - 2024 Q3

This report analyzes Lexington, KY's lodging market for 3Q 2024. Lexington's economy is driven by manufacturing, especially Toyota, and higher education, but struggles with out-migration of young residents. The overall market is underperforming, ranking in the 29th percentile nationally. The report details performance across hotel classes, from Luxury to Economy, including occupancy, ADR, and RevPAR trends. Luxury and Upper Upscale classes show some strengths in recovery, while others face challenges. The report also examines brand representation, investment risk, air passenger traffic, and published rates, providing a comprehensive view of Lexington's hotel landscape. Click here to view a shortened preview of the report.