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Portland hotel market continues to boom

  • ​With hotel demand forecasted to grow by 3.2% in 2018, Portland remains one of the most sought after markets for hotel developers and investors.

  • Occupancy rates of full service hotels hover around 80% and the increase in average daily rates stood at 9.5% in the 3 years prior to 2016.

  • The supply of new rooms is starting to ease demand pressures as inventory increased 4.4% in 2017 and is expected to increase by another 4.0% in 2018.

  •  5 projects are currently under construction that will bring 895 new hotel rooms to Downtown.

Source: JLL Research

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