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Monday, March 6, 2017

Occupancy at Canton and Akron Hotels Has Been Down Along with Shale Activity, But Things May be Changing

From WKSU:
Hotels along the I-77 corridor between Akron and Canton have been feeling the downturn in the oil and gas industry. In the last few years, more than a dozen hotels opened in that area, mainly to serve that industry’s boom in eastern Ohio and western Pennsylvania. Now, there are too many rooms and not enough customers. 
STR Global, a company that tracks the hotel industry, says between 2014 and last year, hotel occupancy in the Akron area dropped about 6 percent. In Canton, the drop was about the same.



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