Tampa Hospitality Industry Faring Well Compared to Peer Markets

Tampa, Florida’s hospitality sector is weathering the pandemic considerably better than most other large markets, with the second-lowest decline in revenue per available room among STR’s Top 25 Markets over the past year. RevPAR is expected to bounce back by about 10% this year after falling by about 38% last year, driven by the expectation of a strong resurgence in leisure demand. New supply and slow growth in average daily rate will hold RevPAR recovery back, to some extent.