Tourism and Hospitality - AtlantaDowntown.com...Tourism and Hospitality Downtown Atlanta takes...
Transcript of Tourism and Hospitality - AtlantaDowntown.com...Tourism and Hospitality Downtown Atlanta takes...
Tourism and HospitalityDowntown Atlanta takes "southern hospitality" to a whole new level, boasting an array of activites, explorations, and unique experiences for all ages in the heart of the City.
From our renowned attractions to our lively sporting events, sold out concerts to our engaging conventions, there's always a reason to stay a while.
The hotel market has seen unprecedented growth in recent years. In 2014, the Metro Atlanta area ranked #1 in hotel occupancy growth, while the City of Atlanta shattered 70 percent occupancy levels - it's first time in our history.
Much of this growth and excitement is centered in the Downtown core, with over 12,000 hotel rooms, 8 million square feet of convention and event space, and 8 million annual visitors to our local attractions.
Where will you explore?
8,000,000
72%
Downtown Hotel Occupancy Rates
$3.2 billion
square feet of convention and event space
Downtown hospitality generates over
in economic impact
101+ million passengers in 2015 at Hartsfield Jackson Airport
The Center for Civic and Human Rights
10.6 milattractions
2.4 milconcerts & shows
1.4 milconventions
4.5 milsporting events
49 million visitors generating
$15 billion in spending
For every 1 visitor, $306 is generated in spending
Metro Atlanta Tourism
Sources: CAP Survey, ACVB, Georgia Dept of Tourism, Tourism Economics, Business Wise, Georgia World Congress Center FY 2015 Economic Impact Analysis, ESRI 2015 Reports
No.7 in nation for domestic hotel visitors
Over 20,000 jobs in Downtown support the hospitality industry
950,000 out-of-state guests
Downtown Tourism Attendance
$1.33 billion in economic impact
visited the Georgia World Congress Center, Georgia Dome, and Centennial Olympic Park in 2015 generating
Tourism and Hospitality
1,671
Current Inventory
Rooms Added 2016-2018
32hotels in Downtown
11,957 hotel rooms
3,055,050 nights demanded in 2015
The Glenn Hotel
$440.1 mil room revenue
Since 2011, over $375 million has been invested into Downtown's
hotel infrastructure. Another $389 million is under construction
or planned..
Sources: CBRE Hotels, ACVB
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2,000
4,000
6,000
8,000
10,000
12,000
2011 2012 2013 2014 2015
Supply and Demand
Supply Tier 1 Demand Tier 1
Supply Tier 2 Demand Tier 2
Economy6%
Midscale2%
Upper Midscale
7%
Upscale35%
Upper-Upscale
35%
Luxury15%
Downtown Inventory Type
72.1
$108.31
58.6$64.06
74.2
$101.31
66.8
$43.94
0.0
20.0
40.0
60.0
80.0
100.0
120.0
Occupancy (%) RevPar ($)
Occupancy and RevPar, 2015
Downtown Tier 1 Downtown Tier 2 MSA Tier 1 MSA Tier 2
$136.40 $150.31
$116.29
$136.52
$95.87 $109.37
$54.21$65.78
$-
$20.00
$40.00
$60.00
$80.00
$100.00
$120.00
$140.00
$160.00
2011 2012 2013 2014 2015
Average Daily Room Rate
Downtown Tier 1 MSA Tier 1 Downtown Tier 2 MSA Tier 2
Downtown has
40% of the City's hotels
and 54%of its hotel rooms
Tourism and Hospitality
By the Numbers
Downtown's Growing Demand