CBRE hotels forecast Recorddrevpar for Seattle in 2025

According to a recently published report, Seattle is a record year in the hotel and hospitality industry in a record year. CBRE forecast the Seattle hotel sector in 2025 record highs for revenue per available space (Revpar), an increase in business trip, larger sporting events and the delivery of a new development on the water.

Revpar in Seattle will be estimated in $ 131.69 in 2025, a record high since 2019. This is an increase of 2.7% compared to 2024, which exceeds the national average of 2%. In 2025, Seattle can record a modest increase in offer of 2.3% and a increase in demand of 2.2%, as several planned events attract travelers.

“The demand from the hotels in Seattle has increased at the end of 2024 and has a good start this year,” said Alan Jutte, Vice President at CBRES Hotels Evaluation & Advisory Group. “The completion of the new overlook walk connects the Pike Place Market with the waterfront, and the upcoming completion of the project on the water on the water will significantly expand the Seattle leisure center.”