Syracuse, NY - 2024 Q4

Syracuse, NY's lodging market is analyzed in this report, covering the fourth quarter of 2024. The local economy shows job growth in healthcare and professional services, while facing demographic challenges. Manufacturing is poised for revitalization, particularly with increased defense spending and a major semiconductor investment. The lodging market is ranked as "Under-Performing" overall. Performance varies across hotel classes, with luxury showing strengths in rate changes, and upscale leading in occupancy. Detailed metrics for occupancy, average daily rate, and revenue per available room are provided for each class. The report also includes brand representation and investment rates. Click here to view a shortened preview of the report.