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18.5 $8.8
Billion in total Economic Impact
68.3
Million Visitors Thousand jobs
The number of visits to 2017 travel and tourism total More than 2,000 jobs were added
Cuyahoga County increased economic impact was 8.6% to the travel and tourism industry
for the 8th straight year, up higher than in 2015 while from 2015 to 2017, accounting for
2.3% over 2016. direct spending of $5.8 billion 8.2% of private employment in
increased 8.3% during that Cuyahoga County.
same timeframe.
$1.1
Billion in taxes generated
$1,100
in Resident Tax Savings
Cuyahoga County generated In 2017, visitors to Cuyahoga
8.7% more in tax revenue from County contributed enough in tax
visitors in 2017 than 2015. revenue to offset resident taxes by
Source: 2017 DK Shifftlet Visitor Volume Study
more than $1,000 annually. Source: 2017 Tourism Economic Impact Study
Occupancy Rates
CLEVELAND HOTEL HOTEL MARKET COMPARISON 2017 2016
ROOMS SOLD Despite the 2.0% increase in rooms U.S. 65.9% 65.4%
sold in 2017, room inventory Cleveland 59.7 61.2
10 (4.5%) 10 increased at a faster rate of 4.5%, Columbus 65.8 65.9
9 9 driving down Cleveland occupancy Cincinnati 64.5 64.3
Room Inventory
8.8
rates from 2016 to 2017. Nashville 74.1 74.7
Rooms Sold
8.5
8 8
(in millions)
(in millions)
8.0
7
7.6
7.9
7
Detroit 66.6 65.8
(2.0%) Pittsburgh 60.3 59.0
6 6
Source: 2017 STR Report
5 5.3 5
5.0 5.2
4.7 4.8
4 4