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Atlanta & Southeast  + Georgia  + Hospitality  | 
Atlanta hotels are up in occupancy and revenue

Increased Travel Fuels Georgia Hotel Market Growth

Colliers has released its Q1 2023 Georgia Hotel Industry Report. Overall hotel occupancy in the state is up 1.7 percent and revenue increased 4.2 percent from the same period a year ago.

In Atlanta, post-pandemic event attendance and increasing  business travel has fueled the hospitality recovery. The Average Daily Rate for hotels increased 12.7 percent, and Revenue Per Available Room is up 15.4 percent year-over-year. 

Occupancy was down in Savannah, but daily rates were up. The Port of Savannah’s expansion has driven occupancy, and recent record-breaking downtown hotel sales illustrate market strength.

In Augusta, hotel occupancy was up almost 5 percent. Heavily impacted by the Masters in April, Augusta’s Q2 report is expected to indicate a return to pre-pandemic normalcy.

High construction and capital costs have slowed hotel construction. Existing Georgia hotels should see strong numbers through the year fueled by increased business and convention travel.

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About Angela Noote

Angela Noote is a native of Northern California and graduated from Chico State with a degree in public relations. After college she moved to the Central Coast and worked first in ad sales then in editorial, eventually spending more than a decade as a print reporter and editor. She detoured into design work at a printer/publisher, and with a partner eventually opened a boutique full-service marketing agency. Moving into corporate communications, she built and managed several successful marketing teams in the hospitality, financial services, and nonprofit industries. Most recently she was an internal comms manager in the tech sector. After a long stint spent in Georgia (Go Dawgs), she moved to Baton Rouge, LA and has written for clients in the financial, luxury imports, higher ed, commercial cleaning, and medical equipment industries. Her son is a media arts major at the University of South Carolina, and her husband owns a comedy theater in Baton Rouge, where you can often find Angi teaching improv classes, leading corporate training events, or doing an occasional stand up set.