Seattle is on pace to see a record-high year in the hotel and hospitality sectors, according to a recent report. CBRE forecasts Seattle’s hotel sector will reach record highs for revenue per available room (RevPAR) in 2025, as a result of increased business travel, major sporting events and delivery of a new waterfront development.

RevPAR in Seattle will be an estimated $131.69 in 2025, a record-high since 2019. This is a 2.7% increase from 2024, outpacing the 2% national average. In 2025, Seattle may experience a modest supply increase of 2.3% and a demand increase of 2.2% as several planned events attract travelers.

“Hotel demand in Seattle increased at the end of 2024 and is off to a good start this year,” said Alan Jutte, vice president with CBRE’s Hotels Valuation & Advisory group. “The completion of the new Overlook Walk connects Pike Place Market to the Waterfront, and the impending completion of the Waterfront Park project will expand Seattle’s center of leisure significantly.”