St. Louis Lodging Market
The St. Louis Lodging Market’s Enduring Recovery
Daniel P. McCoy | March 14, 2023
By Daniel McCoy, Benjamin Giebler Similar to the rest of the nation, hotel metrics in St. Louis plummeted in 2020 at the onset of the COVID-19 pandemic, but the market had entered a healthy recovery phase by the spring of 2021. Growth accelerated through the remainder of the year, fueled by a surge of leisure travel and the slow reemergence of commercial demand, as well as the return of conventions and major events. Demand continued to improve in 2022, as corporate employees gradually returned to offices and attendance at large conventions and events increased. Rising labor costs and the shift in travel patterns, as leisure demand rapid...
Recovery Outlook for the St. Louis Lodging Market
Daniel McCoy | February 15, 2022
By Daniel McCoy Amid a worldwide pandemic, RevPAR for Greater St. Louis[1] fell 54% in 2020 from the historical peak achieved the prior year. This compares to a 47.5% drop for the United States, as a whole, and a 57.6% drop for the top 25 markets in the nation, according to STR. In 2021, the greater St. Louis market’s RevPAR bounced back to just over 75% of the pre-COVID performance. This rebound is less than the 83% recovery experienced nationally, but stronger than the 67% recovery of the top 25 markets. While the greater St. Louis market has generally fared better than many of the larger urban markets that were more rel...
