123ArticleOnline Logo
Welcome to 123ArticleOnline.com!

ALL >> Travel >> View Article

Detroit’s Hotel Business Is Thriving

By Author: Steve Robinson
Total Articles: 468

Detroit, which in July became the largest U.S. city to file for bankruptcy protection is also a travel destination that offers plenty of cheap travel deals, including cheap airplane tickets, discount hotel rooms, and cheap vacation packages.

In July, Detroit became the largest American city to file for bankruptcy protection. Ironically while Detroit is struggling mightily with its debt, its hotel industry is improving. Three casino hotels have opened recently.

A new Starwood Aloft boutique hotel is scheduled to open in 2014 in a landmark building in Grand Circus Park downtown. Developers are trying to turn a historic firehouse across from the Cobo Convention Center into another boutique hotel.

The Cobo Center hosts the annual North American International Auto Show and is undergoing a $290 million facelift which is hoped will attract more conferences and business travelers after its completion in 2014.

Downtown and midtown private investments in Detroit are expected to help revitalize those areas. Dan Gilbert (Quicken Loans owner) has purchased over 7 million square feet of property downtown, with the intention of developing cafes and other attractions. A new 18,000 seat arena for the Detroit Red Wings has been approved for midtown and will be surrounded by a new entertainment district.

Over the past 10 years Detroit has been home to one of the worst hotel markets in the country.

Hotel occupancy rates in Detroit have gone from a low of under 48 percent in 2009 when General Motors and Chrysler filed for bankruptcy protection to over 61 percent in 2013 which is comparable to the national average. In June Detroit hotel occupancy slightly exceeded 70 percent.

Today the city’s average hotel daily rate is lower than the national average, but experts believe that this fact will encourage budget minded visitors and companies to visit.

Currently there are over 41,000 rooms in Detroit with another 824 under construction. These rooms include downtown developments as well as in the suburbs, where hotels such as the Hyatt Place Detroit Novi will open soon.

InterContinental Hotels Group (parent of Crowne Plaza) has commented that it is at ease in entering the downtown Detroit hotel market because of the thriving technology, medical research, and auto industries.

Unfortunately there appear to be two parts of Detroit; namely the thriving downtown area and just about everywhere else. The hope is that downtown development will eventually spread outward.
www.cheapfares.com

Total Views: 89Word Count: 396See All articles From Author

Travel Articles

1. Can The Offerings Be So Abundant Anywhere Than The Cheap Holidays To Egypt?
Author: Amir Mores

2. Get The Best Of Holidays In Egypt With Egypt Nile Cruise
Author: Amir Mores

3. Gain A Worthy Wedding Ride With A Limo Rental In Atlanta, Ga
Author: John Anderson

4. Get Unique Experience By Choosing Buddhist Heritage Tour
Author: Orbit Alpine Adventures

5. Nepal Tour – The Great Way To Enjoy Your Short Vacation Time
Author: Orbit Alpine Adventures

6. Get Your Honeymoon Hotel Booking Done Now! Hotel Holiday Resort Puri
Author: Puri Holidays

7. Get Your Wedding Bells Rung At Hotel Holiday Beach Resort Puri
Author: Puri Holidays

8. Mock Tails And Cocktails By The Seaside- Best Beach Restaurant And Bar In Puri
Author: Puri Holidays

9. Perfect View Of Bay Of Bengal Hotel Holiday Resort
Author: Puri Holidays

10. Botswana Safari – African Safari Tour Can Bring Sheer Excitement For You!
Author: Sachin Agrawal

11. Meet Schengen Visa Application Requirements To Enjoy A European Holiday Without Any Visa Problems
Author: johnyparkson

12. Eight Tips To Have A Perfect Wedding Entertainment Plan
Author: Manisha Nigam

13. Explore Armenia
Author: maria dishoian

14. Celebrate Your Heritage With A Stay At Vaalnest.
Author: Steven Morgan

15. Experience Comfortable Group Transport For Your Wedding Via Bus Rental In Dc
Author: jemmy anderson

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: