Washington State Area - 2024 Q3

The MarketCompass Lodging Report for the Washington State Area in 3Q 2024 reveals a "Prosperous" market ranking in the 77th percentile nationally. Spokane's economy, driven by healthcare and education, shows steady growth despite some challenges. The logistics sector is recovering, supporting travel demand. The report analyzes hotel performance across six classes, from Luxury to Economy, noting strengths and challenges for each regarding occupancy, rates, and revenue. The Luxury segment ranks 47th percentile, while Economy is at the 96th, with varied recovery and performance metrics. Investment rates and risk are also detailed, alongside air passenger data and booking trends. Click here to view a shortened preview of the report.