Detroit hotels filling up: Metro occupancy rates among top growing markets

[marmar]

Detroit hotels filling up
Metro occupancy rates among top growing markets

Louis Aguilar/ The Detroit News


Metro Detroit's hotel scene has gone from morbid four years ago to being one of the strongest-growing markets in the nation.

The region is already posting monthly occupancy rates not seen since the Internet boon days of a decade ago. Metro Detroit's hotel market hit an average occupancy rate of 64.5 percent in October, according to STR, a Hendersonville, Tenn., hotel information company, the highest for that month since the 68.7 percent rate in 2000.

The growth in filled hotel rooms is expected to continue next year. Based on advanced bookings beginning Nov. 1 to Oct. 31, 2012, the Motor City's hotel scene will be the second strongest in the nation next year, according to TravelClick, an industry research and consulting firm.

Advanced bookings are up 14.8 percent in Metro Detroit compared with the same period a year ago, which includes a big chunk of this year, TravelClick said. Only the Charlotte, N.C., market has a higher growth rate of 26 percent for next year. ..........(more)

The complete piece is at: http://detnews.com/article/20111203/BIZ/112030316/Detroit-hotels-filling-up#ixzz1fUip7Oda

[Scout]

1. good news

while i live close enough to Detroit that i don't need to spend the night there, i do visit several times a year for baseball games or theater.

i hope they can avoid a financial manager from slick rick.

[SharonRB]

2. This is fabulous news!