COVID-19’s Impact on the Tampa-St. Petersburg Lodging Market

Jeffrey D. Pennington | March 16, 2021

By Jeffrey D. Pennington Prior to March 2020, the Tampa and St. Petersburg (TSP) market had posted nine straight years of RevPAR growth. The depth of the market’s demand generators and allure of this sunny market were continuing to grow at the start of the new decade. A firm commitment by major stakeholders (public and private) in recent years to the development of the region’s amenity base, corporate relocations and expansions, stable and growing tech and finance sectors, population migration to the region, major infrastructure investments, development projects in Downtown Tampa and St. Petersburg, favorable weather, the presence of ...