Chicago Tourism, Business Travel Post Another Record Year
Travel to Chicago posted another record year in 2018, as the city posted a 4.3% year-over-year increase to 57.7 million, says Choose Chicago. The growth resulted in a 4.4% increase in overall hotel room demand, and a 4.6% Y-O-Y gain in average daily room rate.
Overall tourism expenditures exceeded $16 billion last year, including almost $1.1 billion in tourism tax revenue, according to the annual report from Choose Chicago, the city’s convention and tourism marketing agency. Hotel tax revenues alone generated $437 million.
Tourism wasn’t the only growth driver. Choose Chicago also reported sizable upticks in future bookings at McCormick Place during the year, along with conventions and meetings hosted by hotels.
“The impact of our tourism, meetings and hospitality industry is increasingly noticeable,” said David Whitaker, president and CEO of Choose Chicago. He added that the impact “reaches far beyond the jobs supported and the taxes generated.”
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Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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