Mobile, AL - 2024 Q3

Mobile, AL's lodging market is analyzed in this report, covering the third quarter of 2024. The local economy shows promise with manufacturing growth, particularly in shipbuilding, and expansions at major companies. However, rising unemployment and population decline pose challenges, potentially limiting future hotel demand. The market overall ranks in the 17th percentile, indicating underperformance. Investment in the area is considered moderate to low risk. The report details performance by hotel class, including luxury, upscale, and economy segments, with metrics on occupancy, ADR, and RevPAR. Click here to view a shortened preview of the report.