Colorado Springs, CO

Introduction

This report analyzes the Colorado Springs lodging market for 3Q 2024. The local economy, driven by healthcare, tech, and defense sectors, shows moderate performance, ranking 61st nationally. Hotel performance varies by class; Luxury and Upper Upscale show strengths in demand, while Upscale and Upper Midscale face challenges. Occupancy, ADR, and RevPAR trends are detailed for each class, alongside key metrics and rankings. Tourism is a critical sector, and the housing market presents affordability concerns. The report provides a market overview, performance analysis, and brand representation insights.

MarketCompass Lodging Reports

The Horwath HTL MarketCompass Lodging Reports are produced quarterly and provide in-depth analysis for investors and economists on the lodging market. The reports begin with a detailed overview of the market area, focusing on economic characteristics, followed by an analysis of each of the six hotel classes: Luxury, Upper Upscale, Upscale, Upper Midscale, Midscale, and Economy.

The "Market Anatomy" section covers key economic drivers such as air passenger statistics, bond ratings, and other factors influencing the local economy. The reports also present key metrics for each hotel class, including room revenue, pricing, supply, and demand, with historical data dating back to 1990. Additionally, the report includes an analysis of hotel company brand representation by room count and meeting space, investment rates, risk, and air passenger throughput. Forward-looking published rates and a comprehensive interpretation of factors affecting future lodging performance are provided. The report concludes with detailed tables of data, including occupancy, guest-paid ADR, and RevPAR metrics.

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Markets Covered

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