United States -  Atlanta

Atlanta serves as a major transportation hub, with Hartsfield-Jackson Atlanta International Airport (ATL) ranked as one of the world's busiest passenger airports. Primary sources of lodging demand comprise local employers and office headquarters, including over 15 Fortune 500 companies, as well as convention and entertainment venues such as the Georgia World Congress Center, Mercedes-Benz Stadium, Truist Park, and Georgia Aquarium. Over the last two decades, Atlanta has evolved from a market that would typically achieve occupancies in the high 50s to low 60s into one that could reach roughly 70.0% on a steady, year-over-year basis. In 2023, occupancy surpassed the 65.0% mark, similar to levels recorded in the early 2000s but below the peak occupancy period of 2014 through 2019. ADR, on the other hand, remained well above $115 in 2023, a level that the market first approached in 2019, and RevPAR reached an all-time high. Factors driving the 2023 performance level included the absorption of new supply, decreased office vacancy, and nearly 18 citywide events. The outlook for 2024 is favorable, although hoteliers are cognizant of Atlanta's deep construction pipeline, led by the 976-room Signia by Hilton convention hotel. Still, the market should benefit from significant upcoming events, such as the FIFA World Cup, for which Atlanta will be a host city in 2026.

* Although the HVI cannot tell you what a particular hotel is worth, it does provide excellent “big picture” data, indicating which market areas are experiencing positive trends, and thus may present good investment opportunities. The HVI for the U.S. is a measure of the strength of the lodging industry as a whole and, specifically, the hospitality investment market. The HVI for the various identified markets can provide a basis to evaluate and compare different geographic regions. For more insight on the limitations and applicability of the HVI, please read the message on the HVI home page by clicking on the graphic at the top of this page.

Change In Value For Market:

Legend
Significant Value Increase: Greater than +10%
Moderate Value Increase: Between +3% and +10%
Stable Values: Between -3% and +3%
Moderate Value Decline: Between -3% and -10%
Significant Value Decline: More than -10%

For more information, please contact:

Courtney Vris
Vice President
[email protected]
  • +1 203 243-0545 (m)