Posted on February 4, 2015
Baltimore will host a record 29 citywide conventions in 2015, marking a great start to the meetings and convention calendar and building upon a successful year for tourism in 2014 that saw both hotel occupancy and rates reach pre-recession highs. In calendar year 2015, Baltimore will welcome more than 274,000 citywide convention attendees who will utilize more than 217,000 hotel room nights and generate an estimated economic impact of $142 million. The hotel community at large also continues to show signs of post-recession growth. According to Smith Travel Research, the Baltimore hotel community ended 2014 with an average occupancy rate of 68 percent, the highest since 2005 when occupancy rates averaged 70 percent. Average hotel rates and revenue per available room (RevPar) are also on the rise ending 2014 at $145 and $98, respectively.
Read more here.