Pittsburgh, PA - 2024 Q3

This report analyzes the Pittsburgh lodging market for 3Q 2024, ranking it in the 27th percentile nationally. Pittsburgh's economy is supported by healthcare, but faces demographic challenges and slower job growth. The report details hotel performance across six classes, noting that the luxury and upper upscale segments are strongest. Investment risk varies by class, with midscale and economy rated as "risky". Occupancy, ADR, and RevPAR trends are provided from 1990-2024 and 2019-2024. Key brands and their market share are identified. The report concludes with an outlook noting strengths in COVID recovery but challenges in supply and cap rates. Click here to view a shortened preview of the report.