HVS Market Pulse: Center City Philadelphia

Kim Lindell | December 19, 2017

By Kim Lindell , Scott Killheffer Philadelphia lays claim to many firsts in the U.S., including the first state capital, public library, hospital, stock exchange, and even the nation's first zoo. Today, revitalization efforts continue to fuel the city's engine of innovation, building on a base of airport, tourism, education, and convention demand drivers. Strong group demand in recent years, combined with rising levels of transient corporate and leisure travel, has boosted occupancy and average daily rate (ADR), especially within Philadelphia's Center City submarket. Major Economic Drivers Center City Philadelphia, which includes the Ce...