Philadelphia, PA - 2024 Q3

This 3Q 2024 lodging report analyzes the Philadelphia, PA market, highlighting its diverse industrial base and steady job growth, particularly within the healthcare and professional services sectors. The market is ranked in the 90th percentile, indicating strong investment potential. While facing challenges such as slow population growth and an unfavorable tax climate, the report details performance across hotel classes, from Luxury to Economy. Key metrics like occupancy, ADR, and RevPAR are presented, alongside brand representation and investment risk. The report also examines air passenger throughput and published rates, offering a comprehensive look at the market's dynamics. Click here to view a shortened preview of the report.