2Q 2025 Fort Lauderdale Hospitality Market Report

Key Findings

New supply is made up of the 801-room Omni Fort Lauderdale Hotel that will be attached to the Broward County Convention Center.
Leisure travel boosts occupancy across the metro with weekend occupancy at 84% in the second quarter.
A new terminal at Fort Lauderdale-Hollywood International Airport is set to be completed in 2026 and will feature ﬁve new domestic gates.

Fort Lauderdale Airport Travel

Total Passengers: 2,468,170

Fort Lauderdale-Hollywood International Airport served 35.2 million passengers in 2024, up from 2023. Additionally, the airport ranked as the 13th-busiest airport for international traﬃc last year, supporting its tourism and lodging segments.

Demographics

Unemployment Rate: 3.5%
Current Population: 2,053,728
Households: 796,448
Median Household Income: $78,029

Market Focus: Fort Lauderdale

While Fort Lauderdale boasts many attractions, hotel activity has begun to decrease since 2024. This was driven by a drop in occupied rooms as leisure and corporate demand have both decreased. For the rest of the year, the metro is expected to resume a slowdown in activity. The continued occupancy declines are forecast to drive RevPAR down by -2.4% by year-end.

Group demand across the metro is expected to improve once the Broward County Convention Center is ﬁnalized. It is currently undergoing a $1.3 billion expansion and is expected for completion at the end of 2025. Fort Lauderdale is also hosting more than 150 events this year, which will aid leisure travel throughout the second half.

Occupancy, ADR, and RevPAR

Source: CoStar Group, Inc.

By the Numbers

Occupancy: 68.3%
ADR: $157.34
RevPAR: $107.51
12-Month Sales Volume: $101M
Under Construction: 1,089 rooms
Sale Price/Room: $273,225

Under Construction

Hotel construction has decreased compared to prior levels, with 1,089 rooms underway. Most hotels on the way are in the higher-tier sector, including the Whitﬁeld Las Olas Hotel & Spa and the Auberge Resorts Collection Shell Bay Club & Resort. Moving forward, construction could begin to pick up as around 2,900 rooms are in the ﬁnal planning phase.

Sales

Transactions across Fort Lauderdale have begun to slow, due to high interest rates, with year-to-date sales volume of $40 million at the end of the second quarter. The largest sale this quarter was for the Manhattan Tower All Suites hotel in the Fort Lauderdale/Beach submarket. It is a 13-room Upscale property that sold for a total $11 million, or $846,154 per room. The metro may also see a rise in sales as 15 hotels will reach debt maturity by year-end.