Melbourne, FL - 2025 Q1

The MarketCompass Lodging Report for Melbourne, FL in 1Q 2025 reveals that the local economy is experiencing stagnation due to reductions in professional services and construction. Aerospace manufacturing remains a crucial economic driver, providing stability despite recent layoffs. Tourism, bolstered by cruise activities and proximity to attractions, is expected to outperform national trends. In-migration due to the climate and affordability is also influencing the hospitality sector. The Melbourne lodging market ranks as "Moderate", with varied performance across hotel classes. Occupancy, ADR, and RevPAR trends are analyzed from 1990 through March 2025. Click here to view a shortened preview of the report.