The interest shown by tourists in the city of Philadelphia has strengthened over the years and the proof is year 2019, which beyond an increase in the daily rate of accommodation, the occupation grew and the industry increased its profits.
The tourism and hospitality business in Philadelphia has a century-old know-how, a seasoned experience with several generations of entrepreneurs, rulers and businessmen who have demonstrated how to make the city a desirable product to know.
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The beginning of this year shows numbers that point to 2019 as the year that completes the cycle of a decade of sustained growth in the hotel area.
This satisfaction has been made public by re-elected Mayor Jim Kenney, who said about it that “our growing tourism and hospitality industry works collaboratively to ensure that people choose Philadelphia for meetings, business trips and vacations every season of the year.”
The city’s top official said that “this constant stream of visitor activity generates tax dollars and supports family-sustaining jobs for our residents. That´s hugely beneficial to our city and region.”
Together in prosperity
According to data provided by several institutions with competence in the area of tourism, in 2019, hotel occupancy remained solid at 76.3%, as did demand with 3.49 million room nights consumed.
VISIT PHILADELPHIA®, the Philadelphia Convention and Visitors Bureau (PHLCVB), and the Greater Philadelphia Hotel Association (GPHA), announced that all of these results occurred during a year when four new hotels opened in Philadelphia, adding 491 rooms to the city’s supply.
On the same topic Jim Kenney said “I’m proud that even with new properties entering the Philadelphia market, our hotels continue to set records.”
Interesting facts
In order to illustrate the prosperity that the city and its hotel sector currently enjoys, STR, Tourism Economics and AIRDNA provided the data illustrating the prosperity.
The competent offices sent data that are of general interest:
In order to illustrate the prosperity that the city and its hotel sector currently enjoys, STR, Tourism Economics and AIRDNA provided the data illustrating the prosperity.
The competent offices sent data that are of general interest:
- Saturday night remained the busiest night of the week, with average occupancy of 88.1%.
- Tuesday was the busiest night weeknight, with79.4%. occupancy
- Record Average Daily Rate (ADR): $202.41.
- Record income per available room: $154
- Growing by 1.2% over a year, RevPAR is up from $152 in 2018.
- Supply and demand: 4.58 million room nights in supply, 3.49 million room nights sold.
- 2019 demand surpassed the overall five-year average by 4.5%, showing that the market is strong and thriving.
- Record room revenue: $707 million.
- Up 4.3% from $678 million in 2018, this revenue is the result of higher rates (ADR) throughout the year.
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