Phoenix, AZ - 2024 Q3

The Phoenix lodging market in 3Q 2024 is analyzed, showing a prosperous ranking at the 83rd percentile nationally. The local economy demonstrates strong job growth, particularly in healthcare and tech, with increased air passenger traffic. However, the housing market faces softening prices. Hotel performance varies across classes, with Upper Midscale leading in performance and Economy class showing strong transaction pricing. Occupancy, ADR, and RevPAR trends are detailed for all classes. The report includes brand representation, investment risk, and key metrics. It ranks each class's performance and notes their strengths and challenges. Click here to view a shortened preview of the report.