Good news for Detroit! The city is fast becoming known as a tourist destination and is spurring a growth in the Hotel and Hospitality industry Downtown.
Fast Facts
- 2,000 new rooms expected to be added
- Average occupancy rates are now in the low 70%, up from under 50% a decade ago.
- Yearly Detroit Visitors have jumped from 11-12M ten years ago to more than 19M in 2017.
- Many of these new rooms are being provided by 'boutique' hotels offering 100-200 rooms, as compared to massive 800+ room offerings.
- The uptick in hotel offerings will make Detroit more enticing for conventions, further driving occupancy rates up and boosting the entire Metro Area economy.
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Read more about the Detroit Hotel Boom - Crainsdetroit.com
