News Item
09.26.2016
Chicago Tourism Metrics, August 2016
Making Chicago a premier destination for tourism and entertainment is a major part of Mayor Rahm Emanuel’s Plan for Economic Growth & Jobs that WBC is implementing to drive growth in Chicago. Choose Chicago, the official destination marketing organization for Chicago, also plays an integral role in economic growth by attracting business and leisure visitors to the city.
The following points summarize recent tourism, hotel and air passenger trends for Chicago:
- Hotel room demand in the Central Business District was 1,049,629 rooms occupied in August, a 2.9% increase from 1,020,524 rooms a year ago.
- The overall average daily rate (ADR) was $198.23 in August, down from $203.30 in August 2015.
- The Chicago Central Business District has 119 hotel properties comprising nearly 40,000 rooms. Recently opened hotels include the AC by Marriott (217 rooms), the Hyatt Place Chicago (206 rooms) and the SOHO House Chicago (40 rooms).
- More than 3,100 new rooms are expected to open in the next two years, including the Ace Hotel (150 rooms, 2016), The Robey, Wicker Park (69 rooms, 2016), Sheraton Hotel (175 rooms, 2017), Marriott Marquis Chicago (1,200 rooms, 2017) and Viceroy Hotel (2017).
- O’Hare – the world’s busiest airport in terms of flight operations – and Midway International airports served a combined 9.54 million air passengers in July 2016, a -0.9% decrease over last July.
Average daily rate and room demand trends are illustrated in the following charts:
Source: Choose Chicago; Chi cago Department of Aviation. For more information on Chicago’s tourism landscape, please refer to the Choose Chicago website and <a href="http://www.choosechicago .com/includes/content/docs/MEDIA/Choose-Chicago-2015-Annual-Report.pdf?rand=5361235″ target=”_blank” data-cke-saved-href=”http://www.choosechicago.com/includes/content/docs/MEDIA/Choose-Chicago-2015-Annual-Report.pdf?rand=5361235″>2015 Annual Report.
Chaired by Mayor Rahm Emanuel, World Business Chicago is the public-private partnership leading the Plan for Economic Growth and Jobs in order to drive business development, cultivate talent, and put Chicago at the forefront of the global economy.
WBC’s “Economic Briefs” track indicators from month to month to gauge the strength of several aspects of Chicago’s economy, including unemployment, population, venture capital, job openings and new hires, home sales, tourism, etc. This data provides a clear analytic framework for specific Plan strategies and initiatives. For a summary of these and other economic indicators, refer to WBC’s monthly Chicago By The Numbers.
Share:
Share:
Related News

Blog
NEWS
News Item
03.20.2023
Getting to Know DCASE Commissioner Erin Harkey
Tell us about where you grew up and tell a special high school memory/story. I was born and raised in Los Angeles and went to Santa Monica High School; high…

Blog
NEWS
News Item
02.28.2023
Black History Spotlight - Blake Anthony-Johnson
A Conversation with Blake-Anthony Johnson, CEO and President of Chicago Sinfonietta Blake-Anthony Johnson’s multifaceted career has included work as a performer, collaborator, recording artist, and

Blog
NEWS
News Item
02.28.2023
Black History Spotlight - Leon Walker
Meet Leon Walker Over the past 20 years, Leon I. Walker, Esq., has spearheaded cutting-edge community development projects that have generated thousands of new jobs and brought grocery stores and&hell

Blog
NEWS
News Item
02.06.2023
INVEST South/West breaks ground on its first project of the year in South Shore and brings a $100 million media campus to the area
By: Markayle Tolliver South Shore, Chicago, IL | This afternoon, Regal Mile Studios along with Mayor Lori Lightfoot, Alderwoman Michelle Harris (8th ward), Jim Reynolds, LOOP Capital CEO, and the&he