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Market Report

St. Louis Hospitality Market Report

Midyear 2022

Expanded Tourist Attractions and Revived Annual Events
Position St. Louis for Near-Term Recovery

Sports teams present tailwinds for downtown occupancy. After breaking ground in February 2020, Centene Stadium, the new home of St. Louis City SC, is on track to open for the 2023 season. Located downtown, the soccer stadium is expected to draw around 370,000 fans annually from outside of St. Louis. While the CBD submarket has lagged in occupancy recovery compared to other areas of the metro, the addition of the stadium is likely to boost demand for hotel rooms in the core. Additionally, the St. Louis Blues hockey team conducted the 2021-2022 season at full in-person arena capacity for the first time since March 2020. The Cardinals have also ranked second in Major League Baseball attendance midway through the 2022 season. Renewed and expanded attendance at sporting events during the next year will fuel travel demand in the metro.
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