Philadelphia’s Hotel Market: Poised for Success

Michael Lambdin | July 20, 2023

By Michael Lambdin, Scott Killheffer The lodging market in Philadelphia is vibrant and diverse, catering to the needs of both tourists and business travelers. The city’s rich history and wide range of attractions draw visitors throughout the year. Philadelphia offers a variety of lodging options, from luxurious hotels in the bustling city center to charming bed-and-breakfasts in historic neighborhoods. Recent Hotel Trends & Data The following table details Philadelphia’s historical and year-to-date occupancy, average rate, and RevPAR. This set of data includes both independent and branded properties across all chain scales. Ph...