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2022 Q1 Hotel South Carolina Report

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Robust hotel activity continues into 2022

Key Takeaways

  • Demand is robust  in spite of reduced service levels
  • Average daily rates, revenue per available room and occupancy rates increased during the first quarter of 2022
  • Higher ADR and RevPar offset increasing operating costs in the first quarter

Increasing average daily hotel rates and revenue per available room offset the rising operating costs during the first quarter. On average, hotel operating expenses have increased 20%-30% over their pre-pandemic levels largely due to staffing challenges. 

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2022 Q1 Hotel South Carolina Report

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Related Experts

Alia Bostaji

Brokerage Associate

Columbia

I specialize in the purchase and sale of hotels and hospitality properties. My responsibilities include representing owners and users in the sale and leasing of a variety of properties. Ever responsive to my clients’ needs, I assist them with their acquisition, disposition and leasing needs. I am a big believer in the power of networking and relationships, connecting my clients with opportunities inside and outside of South Carolina.

I am a member of the Colliers National Hospitality Group, specializing in franchise negotiations, financing, rebranding and marketing from startup properties as well as turn-around investments. Some of these clients include large private and public REITs, management companies, lenders and services and owners/operators of hotel properties throughout the United States. 

My previous experience as a female business owner and supporter of business development gives me unique insights into the needs of owners, investors and users, helping me to translate their needs into smart commercial real estate decisions. It has also taught me the value of the boots-on-the-ground approach. I believe in knowing my market by being in it day after day. As a woman who speaks three languages, I am a believer in serving clients who have not traditionally engaged with commercial real estate or who have larger international real estate goals.

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