New Orleans–Metairie MSA
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Signals
2 citedFairmont New Orleans opening now expected in November
Hotel Dive notes Accor's Fairmont New Orleans is now expected to open in November.
New Orleans posted the steepest US OCC / RevPAR drops in August
CoStar's August 2026 US results name New Orleans as posting the steepest occupancy and RevPAR declines among markets.
History
Airport passengersJul 2026: 471.5K passengers, −5.7% YoY
Passengers boarding flights (enplanements), all carriers, at New Orleans, LA: Louis Armstrong New Orleans International (MSY).
| Month | Passengers | YoY |
|---|---|---|
| Jul 2026 | 471,545 | −5.7% |
| Jun 2026 | 478,422 | −7.1% |
| May 2026 | 560,261 | −5.1% |
| Apr 2026 | 536,014 | −5.3% |
| Mar 2026 | 542,078 | −11.7% |
| Feb 2026 | 491,198 | −0.1% |
| Jan 2026 | 409,516 | −6.0% |
| Dec 2025 | 495,428 | −8.8% |
| Nov 2025 | 533,510 | −7.4% |
| Oct 2025 | 599,959 | −1.0% |
| Sep 2025 | 432,539 | −2.7% |
| Aug 2025 | 424,058 | −7.5% |
| Jul 2025 | 499,944 | −7.2% |
Show yearly (2015–2025)
| Year | Passengers | YoY |
|---|---|---|
| 2025 | 6,197,119 | −5.0% |
| 2024 | 6,519,860 | +3.6% |
| 2023 | 6,295,092 | +6.4% |
| 2022 | 5,915,160 | +47.7% |
| 2021 | 4,006,134 | +51.3% |
| 2020 | 2,647,892 | −61.4% |
| 2019 | 6,857,851 | +4.4% |
| 2018 | 6,566,418 | +9.5% |
| 2017 | 5,996,008 | +8.2% |
| 2016 | 5,539,302 | +4.3% |
| 2015 | 5,310,862 | — |
Lodging jobs & wages2023 (latest; BLS withheld 2024): 11,540 jobs, +7.4% YoY
Accommodation (NAICS 721), private sector, Metro area (BLS area code C3538). 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.
| Year | Jobs | YoY | Wages | Estab. |
|---|---|---|---|---|
| 2023 | 11,540 | +7.4% | $498.7M | 420 |
| 2022 | 10,748 | — | $445.2M | 437 |
| 2018 | 14,997 | +1.0% | $492.3M | 387 |
Show yearly (2015–2023)
| Year | Jobs | YoY | Wages | Estab. |
|---|---|---|---|---|
| 2023 | 11,540 | +7.4% | $498.7M | 420 |
| 2022 | 10,748 | — | $445.2M | 437 |
| 2018 | 14,997 | +1.0% | $492.3M | 387 |
| 2017 | 14,853 | — | $484M | 375 |
| 2015 | 14,228 | — | $456M | 340 |
Sources: U.S. Bureau of Transportation Statistics, T-100 via TranStats (Passengers data element) ↗, airports MSY, 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 yetWho owns here
16 REIT-owned hotels · APLE, DRH, HST, INN, PK, RLJ, SHO, XHR- Hilton New Orleans Riverside1,622 roomsPK
- New Orleans Marriott1,333 roomsHST
- JW Marriott New Orleans501 roomsSHO
- Wyndham New Orleans - French Quarter374 roomsRLJ
- Hilton Garden Inn New Orleans Convention Center286 roomsRLJ
- Loews New Orleans Hotel285 roomsXHR
- Bourbon Orleans Hotel220 roomsDRH
- Canopy Hotel New Orleans176 roomsINN
+8 more REIT-owned hotels in New Orleans
- Chateau LeMoyne - French Quarter, New Orleans171 roomsRLJ
- Homewood Suites New Orleans166 roomsAPLE
- Courtyard by Marriott MetairieMetairie, LA153 roomsINN
- Courtyard by Marriott New Orleans140 roomsINN
- Hotel Tonnelle New Orleans, a Tribute Portfolio Hotel132 roomsRLJ
- Residence Inn by Marriott MetairieMetairie, LA120 roomsINN
- TownePlace Suites by Marriott New Orleans105 roomsINN
- SpringHill Suites by Marriott New Orleans74 roomsINN
Recorded REIT transactions (comps)
From REIT filings; this list may be incomplete.