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Key West / Florida Keys

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Florida / Southeast·Destination dashboard

Hotel figures below are cited to their sources; other sources for this market are still being checked.

Hotel performance

Florida Keys (Monroe County). Published figures, accessed 2026-11-04.

Oct–Dec 2025 (fiscal YTD)

Occupancy
69.7%
ADR
$341
RevPAR
$238
Florida Keys & Key West, Monthly Summary Report, Dec 2025 (source STR) ↗

Each figure is from the linked source for the period shown. Occupancy and ADR in a row always come from the same source and period. RevPAR marked 'our calculation' is occupancy × ADR from that same row; otherwise it is the source's own figure. Areas differ by market (city, CBD, county or metro) as labeled.

Signals

none yet
No cited market signals yet.

History

Airport passengersJul 2026: 59.9K passengers, +12.5% YoY

Passengers boarding flights (enplanements), all carriers, at Key West, FL: Key West International (EYW). Key West International only (Marathon not included).

Last 13 months
MonthPassengersYoY
Jul 202659,900+12.5%
Jun 202659,656+10.6%
May 202669,848+10.9%
Apr 202680,840+8.8%
Mar 202688,128+3.9%
Feb 202674,248+3.9%
Jan 202679,110+4.1%
Dec 202569,405+1.3%
Nov 202560,273−1.9%
Oct 202549,471+13.3%
Sep 202537,263−2.2%
Aug 202547,520+9.1%
Jul 202553,261+1.0%
Show yearly (2015–2025)
YearPassengersYoY
2025740,691+2.9%
2024720,133+10.0%
2023654,609−5.8%
2022695,169−3.9%
2021723,056+124.0%
2020322,802−33.2%
2019483,178+11.9%
2018431,973+14.6%
2017377,055+2.2%
2016368,857+5.2%
2015350,553—
Lodging jobs & wages2025: 8,827 jobs, −1.1% YoY

Accommodation (NAICS 721), private sector, Monroe County, FL. Employment and wages at hotels and other lodging, a public proxy for lodging activity. Not occupancy, ADR or RevPAR. Each market uses one industry level across all years shown.

Latest years
YearJobsYoYWagesEstab.
20258,827−1.1%$468.2M203
20248,927+6.0%$454M205
20238,420+8.2%$424M203
Show yearly (2015–2025)
YearJobsYoYWagesEstab.
20258,827−1.1%$468.2M203
20248,927+6.0%$454M205
20238,420+8.2%$424M203
20227,780+26.8%$403.8M195
20216,137+18.0%$282.6M199
20205,201−23.6%$208.8M193
20196,807+10.2%$263.6M195
20186,176−8.0%$239.5M187
20176,716+1.3%$246.8M179
20166,631+3.1%$231.5M192
20156,430—$222.5M202

Per-year files: 2025 ↗ · 2024 ↗ · 2023 ↗ · 2022 ↗ · 2021 ↗ · 2020 ↗ · 2019 ↗ · 2018 ↗ · 2017 ↗ · 2016 ↗ · 2015 ↗

Sources: U.S. Bureau of Transportation Statistics, T-100 via TranStats (Passengers data element) ↗, airports EYW, Jan 2015–Jul 2026, accessed 2026-11-04. BTS publishes T-100 airport data about three months after the month ends; the latest month here is the newest BTS had posted when accessed. U.S. Bureau of Labor Statistics, Quarterly Census of Employment and Wages ↗, annual averages, accessed 2026-11-04; withheld years left out.

Assets

none yet
No cited assets yet for this destination. Underwrite by submarket and product class — MSA averages are not a substitute for a competitive set.

Who owns here

13 REIT-owned hotels · AHT, DRH, HST, PEB, PK, RLJ, SHO, XHR
+5 more REIT-owned hotels in Key West

Recorded REIT transactions (comps)

From REIT filings; this list may be incomplete.

  • Pier House Resort & SpaAug 12, 2026 · sold by BHR · buyer Last Mango Owner, LLC · 142 rooms$190Mfiling ↗
SourceREIT property schedules and transaction disclosures in SEC filings sec.gov ↗All hotel REITs

Linked findings

No radar findings for this market yet.