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Wednesday, January 30, 2019

Cleveland Hotel Occupancy Rates Climbed in 2018

Posted By on Wed, Jan 30, 2019 at 10:58 AM

PHOTO VIA WIKIMEDIA COMMONS
  • Photo via Wikimedia Commons
According to a study by STR, Cleveland last year saw its highest hotel occupancy rates since 2016 when the city welcomed the RNC and four new hotels.

2018's hotel occupancy in downtown Cleveland and University Circle reached nearly 70 percent, which was about a four percent increase over 2017. In addition, average hotel rates rose from $145 in 2017 to $153 in 2018.



This rise in hotel occupancy in 2018 can be credited to a variety of factors, like the Yayoi Kusama: Infinity Mirrors exhibit and FRONT International: Cleveland Triennial, the NBA playoffs and convention center events that have drawn hotel bookings.

“The goal of the downtown convention center is to attract people to stay overnight,” David Sangree, a hotel consultant, told Cleveland.com. “They are doing a better job of that.”

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