Richmond-Petersburg, VA - 2025 Q1

The MarketCompass Lodging Report for Richmond-Petersburg, VA, in 1Q 2025, analyzes the lodging market through key metrics like occupancy, ADR, and RevPAR across various hotel classes. Richmond's economy, supported by government, healthcare, and technology sectors, impacts hotel demand. The public sector's growth fuels hospitality needs, while challenges in financial services affect business travel. Investment rates and risk are assessed, alongside air passenger throughput and CRE performance. The report ranks hotel classes, noting strengths and weaknesses in COVID recovery, transaction pricing, and revenue, providing insights for investors and stakeholders. Click here to view a shortened preview of the report.