CVBAnnualReport2016

INDUSTRY UPDATES AND CONSTRUCTION
Best Western Heritage Hotel changed franchise to Quality Inn & Suites.
HomStay Suites changed franchise to Hawthorn Suites by Wyndham.
Quality Inn & Suites changed franchise to Motel 6.
Value Place changed franchise to Woodspring Suites.
Cup Burrr’n opened at 27 1st St. W.
eight•o•four opened at 229 3rd St. W.
Fluffy Fields Vineyard & Winery opened at 2708 21st St E.
joy opened at 229 3rd St. W.
Mandy’s Bagel Bar relocated to 925 W. Villard.
Stix n’ Twigs closed.
The Crossing opened at 1770 19th St. W.
Yum Froyo & More opened at 1674 15th St W Suite C.
The Dickinson Museum Center opened year round.
The Stark County Veterans Memorial was completed at 801 5th Ave. W.
Rebuilding of the Elkhorn Ranch cabin at the future Theodore Roosevelt Presidential Library
site in began.
HOSPITALITY INDUSTRY REVENUE
2016 2015
Room Count 1,773 1,713
Occupancy Rate 45.2% 48.2%
Average Daily Rate $75.18 $103.15
City Collection
2% Occupancy (lodging) Tax $361,479 40%
1% Hospitality Tax (lodging/food/beverage) $909,030 21%
Gross Revenue – Hospitality Industry
Lodging Gross Revenue $18,074,000 $ 30,251,062
Food and Beverage Gross Revenue $89,993,970 $114,094,444
2016 Total Hospitality Industry Revenue $108,067,970 $144,345,506
25%
15