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Hotel Market Research/Reports

  1. Washington

    1. Seattle Hotel Market Report
      Fourth Quarter 2014

      With record occupancy and high room prices, the past two years have been the best of times for hotel owners and operators, particularly in the central urban areas. Naturally, this strong performance has attracted the interest of developers. No one questions the need for some new capacity, but the extent of the pending expansion of supply is disquieting. Eighteen new hotels are under construction in the tri-county area, and dozens more are pending or proposed. Even with strong growth in demand, the new competition will put downward pressure on occupancy rates and room prices for the next several years. We look for the market to reach a trough in 2017 or 2018, with the next peak anticipated around 2022.

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      Fourth Quarter 2014 Seattle Hotel Market Report
      Second Quarter 2014 Seattle Hotel Market Report
      Fourth Quarter 2013 Seattle Hotel Market Report
      Second Quarter 2013 Seattle Hotel Market Report
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