The Definitive Guide to Hotel Parking Counts

The Definitive Guide to Hotel Parking Counts



In the past, STR has received questions regarding average parking space at U.S. hotels. Most of the time, those questions have come from developers looking to support plans that include parking structures. Since the STR hotel database is now integrated into the CoStar property database, we can connect individual building parking space counts to hotel class and location types to come up with parking spot averages.

Excerpt from STR

In the past, STR has received questions regarding average parking space at U.S. hotels. Most of the time, those questions have come from developers looking to support plans that include parking structures.

Since the STR hotel database is now integrated into the CoStar property database, we can connect individual building parking space counts to hotel class and location types to come up with parking spot averages. We can also look at the open date of hotels and understand if and how average parking counts have changed over time. 

The number of parking spots in each hotel is defined by local zoning ordinances and brand standards.  Counts vary by location type and hotel class and are often, but not always, directly tied to the size of the hotel. 

For the purpose of analysis, we omitted hotels with room counts of under 10 as well as the large casino hotels with over 10,000 parking spots. In general, we see that airport and upper upscale class hotels offer the most parking space, where economy properties provide the least.

Not surprisingly, Upper Upscale hotels, often offering large meeting space offer the most parking spots whereas smaller, economy type hotels offer the fewest.  It seems that hotels built in the 1980s have on average more spots available.

Click here to read complete article at STR.

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© 2021 Hotel News Resource



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