Cleveland, OH - 2025 Q1

The MarketCompass Lodging Report for Cleveland, OH in 1Q 2025 reveals a complex economic landscape. While healthcare bolsters hotel demand, population decline and financial sector struggles pose challenges. Overall, Cleveland's lodging market ranks in the 32nd percentile nationally, signaling an "Under-Performing" status, prompting investors to focus on distressed assets. The report analyzes key metrics like occupancy, ADR, and RevPAR across various hotel classes, from Luxury to Economy. It also highlights brand representation, investment rates, air passenger throughput, and general CRE performance, offering a comprehensive overview for stakeholders navigating Cleveland's evolving hospitality sector. Click here to view a shortened preview of the report.