Melbourne, FL - 2024 Q3

This report analyzes the Melbourne, FL lodging market for 3Q 2024, examining economic drivers and performance across hotel classes. The local economy is affected by aerospace manufacturing and tourism, with a recent slowdown in nonfarm employment. Melbourne's hotel market is ranked in the 34th percentile nationally, with varied performance across luxury, upscale, and economy segments. Occupancy, ADR, and RevPAR data from 1990-2024 are presented, alongside brand representation, investment risk, and air passenger throughput. The report also highlights strengths and challenges within each hotel class, with detailed information on individual hotel properties. Click here to view a shortened preview of the report.