That's the focus of a report in today's Business First. A 96-room Courtyard by Marriott Hotel will open at Canalside later this year. Next year, a 123-room Hilton Garden Inn, will anchor the Tishman building. The following year, a HarborCenter hotel with 200 rooms is slated to open. Those projects will add 419 rooms to downtown's current inventory of about 1,800. That's a 23 percent increase. New lodging is also in the works in Cheektowaga, Amherst and other Buffalo locations.
So are developers building too many hotels or are they simply responding to growing demand? Mark Croce says there is room for more. He's planning a boutique hotel project. But some hotel operators say they are concerned and see problems brewing, since they're not aware of new demand for more hotels.
According to Smith Travel Research, over the past year, downtown Buffalo hotel occupancy rose 1.4 percent to 68 percent. National occupancy is at 59 percent. In Downtown Buffalo, revenue per room jumped 2 percent to $72.68.
Nationally, revenue per room is $64.42.
You can get more details and stats about the hotel industry in today's Business First.