Econom ic Im pact of Tourism in Baltim ore City Tom Noonan - - PowerPoint PPT Presentation

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econom ic im pact of tourism in baltim ore city
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Econom ic Im pact of Tourism in Baltim ore City Tom Noonan - - PowerPoint PPT Presentation

Jul 07, 2023 290 likes •423 views

Econom ic Im pact of Tourism in Baltim ore City Tom Noonan President & CEO Visit Baltimore Tourism in Baltim ore FY 2011 Total Visitor Spending = $4.4 BILLION Tax Revenue Generated $314 million to State $244 million to

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SLIDE 1

Econom ic Im pact of Tourism in Baltim ore City

Tom Noonan – President & CEO Visit Baltimore

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SLIDE 2

Tourism in Baltim ore

  • FY 2011 Total Visitor Spending =

$4.4 BILLION

  • Tax Revenue Generated
  • $314 million to State
  • $244 million to Baltimore
  • $23 million in hotel tax revenue for Baltimore
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SLIDE 3

Bookings in Baltim ore

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SLIDE 4

BCC – FY 20 10 Perform ance

  • Hosted 131 events
  • Welcomed 369,000 visitors
  • Visitor Spending = economic impact of

$581 million

  • State and local taxes =

$43.7 million

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SLIDE 5

Hilton Hotel

  • Helped to double

Sales Funnel

  • 130 BCC bookings:

$675 Million

  • FY 2011 Hotel

Occupancy Tax: $2.8 million

  • 80% employees

are city residents

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SLIDE 6

Baltim ore, MD

  • 73rd largest today
  • 215th without 1996

expansion

  • Exhibit Halls:

300,000 sq. ft.

  • Meeting Rooms:

85,000 sq. ft.

  • Ballroom:

36,000 sq. ft.

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SLIDE 7

Lost Room Nights

  • Total Room Nights

Lost Since 2005 = 709,182

  • 461,000+ room nights

due to space

  • 247,000 + room nights

due to dates 112,978

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SLIDE 8

Washington, DC

  • Exhibit Space :

703,000 sq. ft.

  • Building new

Marriott Marquis

  • $530 million
  • 1200 rooms
  • 100,000 sq. ft. of

flexible space

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SLIDE 9

Philadelphia, PA

  • Exhibit Space:

679,000 sq. ft.

  • Ballroom:

60,000 sq. ft.

  • Largest Ballroom on

the East Coast

  • $786 million

expansion

  • Completed in

March 2011

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SLIDE 10

Nashville, TN (20 13)

  • Exhibit space: 350,000 sq. ft.
  • Grand Ballroom:

57,000 sq. ft.

  • Junior Ballroom:

18,000 sq. ft.

  • Meeting Space:

90,000 sq. ft.

  • 800-room Omni Hotel
  • Gaylord Opryland Hotel
  • 264,000 sq. ft. (meeting)
  • 300,000 sq. ft. (exhibit)
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SLIDE 11

Boston, MA (proposed)

  • Exhibit Space:

1 million sq. ft.

  • Current: 516,000 sq. ft.
  • Add 2nd Ballroom:

70-75,000 sq. ft.

  • Current Ballroom:

42,000 square feet

  • Meeting space:

175,000+ sq. ft.

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SLIDE 12

Gaylord – National Harbor, MD

  • Total space:

470,000 sq. ft.

  • Ballroom:

50,000 sq. ft.

  • Exhibit hall:

180,000 sq. ft.

  • Adjacent 2000- room

hotel with 6 more surrounding hotels

  • Disney development
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SLIDE 13

Expanded Convention Center

  • Double current size:

300,000 sq. ft. to 600,000 sq. ft.

  • 500-room hotel
  • 260,000 sq. ft. new

meeting and ballroom space

  • 18,500-seat arena