Has Little Caesars Arena boosted economic activity in Detroit? We looked at hotel and short-term rental industry data to find out - The Conversation
Summary
This article from The Conversation explores the impact of Little Caesars Arena on Detroit's economic activity by analyzing hotel and short-term rental data. It aims to determine if the arena has boosted the local economy. The study is a valuable tool in evaluating the effects of infrastructure developments.
Key Insights
- •The article looks at hotel and short-term rental industry data.
Action Items
- ✓Hosts should compare their occupancy rates and ADR to other rentals in Detroit.Effort: lowImpact: medium
Tools & Resources
- →The Conversation: The Conversation article.
More from Pricing & Profitability
Airbnb is offering a $750 incentive for some hosts in Georgia during the FIFA World Cup, potentially boosting occupancy and profitability. This program seeks to capitalize on increased demand from the international event, offering financial benefits to participating hosts. Learn how to qualify and leverage this incentive for your STR.
Las Vegas tourism saw a sharp decline in 2025, experiencing its worst year since the pandemic with a 7.5% drop in visitor arrivals. Hotel occupancy decreased by 3.3 percentage points, and average daily rates fell by 5%. Learn how economic shifts can affect your STR business, and explore strategies to mitigate risk.
Choice Hotels is strategically shedding underperforming properties in the U.S. while expanding internationally. This has resulted in a 2.9% net decrease in U.S. rooms, while globally they saw a 1% increase. This shift reflects a focus on higher-quality properties and potentially higher fees, impacting the competitive landscape for hosts.
Curated by Learn STR by GoStudioM