Cincinnati.Com
NKY.COM  |  ENQUIRER  |  CIN WEEKLY  |  Classifieds  |  Cars  |  Homes  |  Jobs  |  Help
Currently:
80°F
Mostly Sunny
Weather | Traffic
The Enquirer
HOME
NEWS
ENTERTAINMENT
SPORTS
REDS
BENGALS
LOCAL GUIDE
MULTIMEDIA
ARCHIVES
SEARCH
 
 TODAY'S ENQUIRER 
 Front Page 
 Local News 
 Sports 
-- Business 
 Editorials 
 Tempo 
 Home Style 
 Travel 
 Health 
 Technology 
 Weather 
 Back Issues 
 Search 
 Subscribe 

 SPORTS 
 Bearcats 
 Bengals 
 High School 
 Reds 
 Xavier 

 VIEWPOINTS 
 Jim Borgman 
 Columnists 
 Readers' views 

 ENTERTAINMENT 
 Movies 
 Dining 
 Horoscopes 
 Lottery Results 
 Local Events 
 Video Games 

 CINCINNATI.COM 
 Giveaways 
 Maps/Directions 
 Send an E-Postcard 
 Coupons 
 Visitor's Guide 
 Web Directory 

 CLASSIFIEDS 
 Jobs 
 Cars 
 Homes 
 General 
 Place an ad 

 HELP 
 Feedback 
 Subscribe 
 Search 
 Newsroom Directory 



 
Saturday, January 24, 2004

Hotels see small improvement


Tourism helped, but occupancy
rate remains low

By Ken Alltucker
The Cincinnati Enquirer

Even as Cincinnati struggled to land lucrative conventions, a report released Friday shows that Greater Cincinnati hotels last year enjoyed a slight increase in occupancy rates.

Downtown attractions that opened in 2003 such as the Great American Ball Park and the Rosenthal Center for Contemporary Art reeled in tourists.

Tourism helped boost Greater Cincinnati's hotel occupancy rate to 53.9 percent in 2003, up from 51.7 percent the year before, according to Hendersonville, Tenn.-based Smith Travel Research.

Still, Cincinnati hotels are among the most empty among their competitors. Of 10 large regional cities in Cincinnati's class, only Louisville (53.3 percent) and Charlotte, N.C. (52.2 percent) had a lower average occupancy rate than Cincinnati, Smith Travel figures show. Minneapolis had the highest rate (60.5 percent), slightly above the U.S. average (59.2 percent).

And many are predicting a difficult 2004 for Cincinnati's hospitality industry, which employs about 80,000 and accounts for more than $2 billion in economic activity.

Figures provided by the Greater Cincinnati Convention and Visitors Bureau show hotel bookings from conventions are projected to drop from 124,857 in 2003 to 112,925 this year and to 64,054 in 2005. The bureau continues to try to sign up conventions, but it will be tough to accommodate groups in the next two years while the downtown center is under expansion.

"It will be very dry," Rob Gauthier, general manager of the Millennium Hotel complex on Fifth Street said. "We're forecasting a 4.5 or 5 percent decline in occupancy this year."

Smith Travel reported that downtown-area hotels posted a 53.5 percent occupancy rate. Hotels in Cincinnati's northern suburbs had the lowest average occupancy rate (51.4 percent), and Northern Kentucky properties had the highest rate (54.2 percent).

The Smith Travel survey showed that the Cincinnati area's hotel room inventory increased to 23,909 rooms from 23,773 the previous year. New hotels include the 73-room Residential Suites in Sharonville and the 78-room Ramada in Sparta.

Shirley Bonekemper, executive director of Warren County Convention and Visitors Bureau, said Mason-area hotels don't get the same amount of corporate bookings that downtown hotels enjoy year-round. So while hotels near Paramount's Kings Island post occupancy rates as high as 80 to 90 percent during summer months, occupancy plummets in the winter.

E-mail kalltucker@enquirer.com



Boarding system works
Hotels see small improvement

Jobless get more than resume help

Investors lose to high-yield promises

Convergys eliminates 27 more jobs in area
Despite mild temps Cinergy rises 7%
Uncertainty hurts Wella sales, profits
Getting precious returns in gold

Business Digest
Business People
Tristate Summary

 

Latest Headline News
Updated Every 30 Minutes
BUSINESS NEWS

U.S. Rises in Auto Reliability Ratings

Congolese Shun Own Currency for Dollars

Delta Air Lines Posts $52M Profit in 3Q

Prepared Holiday Meals Up in Popularity

Christmas Returns to Wal-Mart Marketing


Cincinnati.Com
Search our site by keyword:  
Search also: News | Jobs | Homes | Cars | Classifieds | Obits | Coupons | Events | Dining
Movies/DVDs | Video Games | Hotels | Golf | Visitor's Guide | Maps/Directions | Yellow Pages

  CINCINNATI.COM  |  NKY.COM  |  ENQUIRER  |  CIN WEEKLY  |  Classifieds  |  Cars  |  Homes  |  Jobs  |  Help


Search | Questions/help | News tips | Letters to the editors | Subscribe
Newspaper advertising | Web advertising | Place a classified | Circulation

Copyright 1995-2007. The Cincinnati Enquirer, a Gannett Co. Inc. newspaper.
Use of this site signifies agreement to terms of service updated 12/19/2002.