Sarasota, FL - 2024 Q3

This report analyzes the Sarasota, FL lodging market for 3Q 2024. The region's economy is driven by tourism and healthcare, though job growth and high living costs pose challenges. The hotel market is ranked as moderate compared to other US markets. The report details performance by hotel class, including Luxury, Upper Upscale, Upscale, Upper Midscale, Midscale, and Economy, analyzing occupancy, ADR, and RevPAR trends. It also covers key metrics, brand representation, investment risk, air passenger data and published rates. Sarasota's strengths include strong occupancy and COVID-19 recovery, but faces challenges in supply change and RevPAR growth. Click here to view a shortened preview of the report.