Market Report U.S.

HVS Report Cheyenne, WY (PDF Download)

Cheyenne, Wyoming’s hotel market and economy lean on cornerstones like energy production and manufacturing while shifting focus to high-technology and corporate clientele. Demand from these sources, along with significant performance gains, have driven a push for more hotels.

HVS Just ten miles north of the Colorado border, Cheyenne, capital of Wyoming, caps the northern end of the Front Range Urban Corridor, a region extending along the eastern face of the Rocky Mountains. Nicknamed the “Magic City of the Plains,” Cheyenne bears marks of paradox: it is the most populous city in the nation’s least populous state, and a frontier city deeply entrenched in the culture, history, and economy of the American West while building diverse inroads into forward-looking areas such as transportation and technology. Among Forbes’ 2013 list of “Best Small Places for Business and Careers,” Cheyenne ranked 33rd for overall job growth, and the city’s expanding economy and favorable business climate are evidenced by unemployment levels well below the national average. For a “small place,” Cheyenne’s prospects loom large. This article examines some of the major developments in the city and how they are transforming the landscape for local hotels.

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