Portland, ME - 2024 Q3

This report analyzes Portland, Maine's lodging market for Q3 2024. Portland's economy benefits from diverse industries and tourism, though faces demographic and labor challenges. Hotel performance is mixed, with the market ranking below average nationally. Luxury and Upper Upscale classes show strength in RevPAR, while Upper Midscale leads in demand growth. However, some classes struggle with occupancy and rate changes. The report provides detailed metrics, including occupancy, ADR, and RevPAR, across various hotel classes. It highlights both strengths and challenges for each segment within the market. Click here to view a shortened preview of the report.