Washington State Area - 2024 Q4

This report analyzes the Washington State lodging market for 4Q 2024, focusing on the Spokane-Spokane Valley area's economic drivers like healthcare and logistics. The market ranks in the 57th percentile nationally, categorized as "moderate." The report provides performance metrics by hotel class (Luxury to Economy) including occupancy, ADR, and RevPAR, with trends from 1990 through December 2024. It highlights the largest hotels by class, brand representation, and investment rates. The report also examines air passenger throughput and published rates. Spokane's economy faces some headwinds, such as declining university enrollments, and a softening housing market, but economic growth overall is expected to support the lodging sector. Click here to view a shortened preview of the report.