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Washington, DC’s Hotel Current market Struggles To Gain Momentum

Low office utilization and its impact on business travel has contributed to Washington, D.C.'s lagging hotel market performance. (Getty Images)


Washington, D.C.’s hotel current market restoration has lagged throughout the pandemic in comparison to other urban markets. In accordance to facts from STR, CoStar’s resort analytics company, the Washington area was the 3rd-worst carrying out lodge current market across STR’s leading 25 markets last yr, far better than only San Francisco and Minneapolis. Washington’s revenue for every offered space was down 11% in contrast to 2019, the 12 months ahead of the public wellness crisis started.

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