Rochester, NY - 2024 Q3

This report analyzes Rochester, NY's lodging market in 3Q 2024. The city's economy is slowly recovering, driven by healthcare and education sectors, but hindered by manufacturing challenges and out-migration. The overall market performance is ranked in the 11th percentile, indicating underperformance. Investment opportunities exist for distressed assets with turnaround potential. The report details performance metrics for various hotel classes, noting Luxury and Upper Upscale are top in recovery index, while Economy and Upper Midscale are performing better in occupancy. It also explores brand representation, investment risk, air travel, and published rates, concluding with a look forward. Click here to view a shortened preview of the report.