Cleveland Hospitality Market Report

Cleveland athletic events drawing attendees. In the first half of the year, Cleveland’s hospitality industry witnessed a boost in visitations as it hosted the 2022 NBA All-Star Game. Consequently, in February the metro registered its highest monthly ADR on record at around $125. Similar ADR levels are expected to continue through the year as other events return to the area, such as the Cleveland Tall Ships Festival and Fan Expo Cleveland, neither of which has been held since 2019. Additionally, the Cleveland Guardians reported that average home game attendance through June is just shy of the pre-pandemic season, following capacity limits in the prior two years. Seasonal weather improvements and a reopened downtown are likely to further support travel to the metro.