Cleveland, OH - 2024 Q3

This report analyzes Cleveland's lodging market in 3Q 2024. The overall market is deemed "prosperous," ranking in the 72nd percentile nationally, indicating stable growth potential. Healthcare is a strong economic driver, boosting hotel demand, while finance and manufacturing sectors face headwinds. Population decline poses a long-term challenge. The luxury and upper upscale classes show strong performance, while upscale, upper midscale, midscale, and economy segments show varied results. Occupancy, ADR, and RevPAR trends are detailed for each class, along with rankings compared to other major markets. Click here to view a shortened preview of the report.