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S. Florida Hotel Sector Thriving
CBRE forecasts that revenue per available room (RevPAR) across key South Florida markets will continue to grow steadily in 2025, as urban locations continue to outperform due to improved group and business travel and the continued recovery of inbound international travel.
In Fort Lauderdale, CBRE forecasts a 2.4% increase in RevPAR growth in 2025, with occupancy improving by 0.9% and average daily rate (ADR) increasing by 1.4%.
In Miami, RevPAR is forecasted to increase 0.8% in 2025, with occupancy improving by 0.2% and ADR increasing by 0.6%.
In West Palm Beach, RevPAR is forecasted to increase 0.2% in 2025, with occupancy falling by -1.1% and ADR increasing by 1.3%.
“The U.S. hotel market is poised for steady growth in 2025, primarily led by continued outperformance of the urban segment, which should experience RevPAR growth of 2.8% this year,” said Rachael Rothman, CBRE’s Head of Hotel Research & Data Analytics. “The sector’s resilience and the sustained demand for higher-priced hotels bode well for the upcoming year.”
- ◦Economy
