MarketCompass Lodging Report

Colorado Springs, CO

This is just one of the 110 markets that we cover in our MarketCompass Lodging Reports, the most comprehensive overview in the industry.

Colorado Springs' lodging market is underperforming, ranking in the 15th percentile nationally. The local economy is supported by healthcare, government, tech, and defense sectors. While unemployment is below the national average, rising housing costs present challenges. Investors are cautious, focusing on distressed properties.

The market shows varied performance across hotel classes, with luxury and upper upscale performing relatively well. Occupancy, ADR, and RevPAR data indicate fluctuations. Tourism remains vital, with new hotel plans underway.


Introduction

Colorado Springs’ lodging market is underperforming, ranking in the 15th percentile nationally. The local economy is supported by healthcare, government, tech, and defense sectors. While unemployment is below the national average, rising housing costs present challenges. Investors are cautious, focusing on distressed properties.

The market shows varied performance across hotel classes, with luxury and upper upscale performing relatively well. Occupancy, ADR, and RevPAR data indicate fluctuations. Tourism remains vital, with new hotel plans underway. The report includes detailed metrics for various hotel classes, along with analysis of strengths, weaknesses and performance rankings.

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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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