Recent Trends in Washington, D.C.’s Luxury Hotel Market
Caroline Dioso | February 2, 2023
By Caroline Dioso, Chelsey Leffet Historical Luxury Market Performance According to data compiled by STR, in recent years, the luxury segment has fallen 2–5% behind the Washington, D.C. market average in occupancy, while luxury rates have paced roughly $150 to $200 above average. This rate difference is largely due to a few luxury hotels that perform at a higher rate threshold than the remainder of the luxury class, including the Four Seasons, the Waldorf Astoria, both Ritz-Carlton properties, the Hay Adams, and the St. Regis. These higher-rated hotels make up 15% of the total luxury room supply in the District. The 2022 mar...
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