IRR-Tampa Mid-Year Viewpoint 2015 Local Market Report - Lodging
In the past year Tampa has been among the national leaders in growth rates for occupancy, ADR rate gains and RevPAR increases. Several announcements of planned hotel construction have been made in the Westshore area and over 1000 units are under construction on Clearwater Beach. Numerous properties have undergone renovations, and the local hotel industry has had 4 solid years of growth in a row.
Over the next five years, hotel experts forecast an unprecedented boom in hotel building in all the market segments. There has been an assemblage of property in the downtown Tampa area by a large investment group that has obtained approval for a new 400-room convention hotel.
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IRR Mid-Year Viewpoint 2015 comprises a National Overview report and 300+ two-page Local Market Reports for all key property types as well as additional resources, including metrics methodology, graphs, and tables; these free reports may be downloaded from IRR’s site here.