Fort Lauderdale’s hospitality market softened through Q3 amid ongoing convention center construction and reduced airlift. Occupancy averaged 55.5%, while ADR measured $129.45 and RevPAR reached $71.81, reflecting continued pressure from lower group and contract demand. Weekend leisure travel remained a stabilizing force, helping offset weekday softness. Development activity stayed active, with 140 rooms delivered and 1,233 rooms under construction, led by the 801-room Omni Fort Lauderdale. Transaction volume reached $78.9 million in Q3, at an average sale price of $273,831 per room and a 7.8% cap rate, underscoring steady investor confidence despite market headwinds. With the Broward County Convention Center expansion nearing completion, Fort Lauderdale is positioned for improved group demand and moderate performance recovery in 2026.
Key Findings
- Weekend occupancy held near 80% through Q3, supported by steady leisure travel that helped offset slower group and contract segments.
- Clearwater posted the highest RevPAR at $155, driven by its strong concentration of luxury and upper-upscale hotels that continue to anchor regional performance.
- Transaction volume reached $78.9 million in Q3, reflecting steady investor activity despite softening market fundamentals.
12-Month Occupancy, ADR, & RevPAR
Source: CoStar Group, Inc.
Fort Lauderdale Demographics
The Fort Lauderdale metro remains one of South Florida’s premier hospitality and tourism destinations, anchored by its renowned beaches, thriving cruise industry, and year-round leisure appeal. Supported by Fort Lauderdale-Hollywood International Airport and Port Everglades, one of the world’s busiest cruise ports, the market serves as a key gateway for both domestic and international travelers. Major developments such as the $1.3 billion Broward County Convention Center expansion, the 801-room Omni Fort Lauderdale headquarters hotel, and the transformative Bahia Mar redevelopment are set to elevate the city’s hospitality profile and strengthen long-term demand across leisure, group, and business segments.
Travel Accolades
Q3 2025 | Source: FLL Airport
- Passenger growth YOY: 0.3%
- Domestic Passengers: 19.2M
- Busiest Airport in U.S.: 19th
- International Passengers: 4.7M
Upcoming Tourism Anchors
- Las Olas Art Festival
- Tortuga Music Festival
- Fort Lauderdale Air Show
- Visit Lauderdale Food & Wine Festival
Population, Labor Force, & Income Growth
Source: CoStar Group, Inc.
Fort Lauderdale Hospitality Construction
Development activity across Fort Lauderdale remains strong, with 1,300 rooms under construction and nearly 3,000 in final planning. Despite higher costs and insurance challenges, developer confidence endures, supported by the market’s strong leisure base, growing cruise traffic, and the Broward County Convention Center expansion. Projects are concentrated in the Fort Lauderdale/Beach and Hollywood/Airport submarkets, driven by tourism, port activity, and group demand. Notable developments include the 801-room Omni Fort Lauderdale, Home2 Suites by Hilton Weston, and Whitfield Las Olas Hotel & Spa, highlighting continued investment in upper-upscale and luxury segments.
Pipeline by Scale
Source: CoStar Group, Inc.
Rooms Delivered
Source: CoStar Group, Inc.
Fort Lauderdale Hospitality Sales
Investment activity in Fort Lauderdale’s hospitality market remained steady through Q3 2025, reflecting sustained investor interest despite softer operating fundamentals. Sales volume totaled $78.9 million across 14 transactions, averaging $273,831 per key with an average cap rate of 7.8%. Trading was primarily driven by private buyers and regional owner-operators targeting select-service and upper-midscale assets in coastal and suburban submarkets. Notable transactions included the Plunge Beach Resort and the Holiday Inn Fort Lauderdale Airport, underscoring continued appetite for well-located assets positioned to benefit from the market’s long-term leisure and convention demand.
Sales Volume
Source: CoStar Group, Inc.
