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#MPI #TOAST. The tourism industry has seen an increase in spending, state and local tax revenue, visitors and employment since 2011 … and a record-breaking.

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Presentation on theme: "#MPI #TOAST. The tourism industry has seen an increase in spending, state and local tax revenue, visitors and employment since 2011 … and a record-breaking."— Presentation transcript:

1 #MPI #TOAST

2 The tourism industry has seen an increase in spending, state and local tax revenue, visitors and employment since 2011 … and a record-breaking economic impact of $100.1 billion in 2014. Visitors to New York increased by 8.2 million with nearly 227 million visitors in 2014. As New York's fourth largest employment sector, 1 out of every 12 jobs in New York is tourism-related. Tourism industry has supported 867,900 jobs and generated more than $31 billion in wages. 2014 Economic Impact Statistics (2015 stats are likely to be equal or greater)

3 I LOVE NY, along with their 80 Convention and Visitor Bureau Partners, salutes Global Meetings Industry Day 2016!

4 Albany Meetings-Events Economic Impact

5 2015 Albany Meetings & Events 408 Meetings-Events 267,054 Attendees 76,194 Room Nights 21 Citywides 27 ESPCC, 7 TUC ESPCC averages 150 meetings annually TUC only includes ACCVB meeting/events Direct Business Sales = $33,620,103 Total Business Sales = $55,652,168 Local Taxes = $4,121,805 Jobs supported = 25,350 ppl / 528 FTE

6 2015 Albany Hospitality Community Occupancy % = 63.1 (-1.8%) Average Daily Rate (ADR) = $105.46 (+2.8%) $111 per diem Supply 2,508,537 = +2.3% (new rooms to the market) Demand 1,583,824 = +.5 RevPar = $66.58 (+.9)

7 2015 6 th Consecutive Year of Growth!!

8 Lodging Saratoga saw positive gains in the lodging industry in 2015 over 2014. Saratoga County 2015 2014 Saratoga Springs 2015 2014 Occupancy 68.7% (-1.6%) 69.8% Occupancy 69.2% (4.9%) 66.0% ADR $146.54 (3.0%) $142.32 ADR $156.92 (3.4%) $151.81 RevPar $100.66 (1.4%) $ 99.30 RevPar $108.65 (8.4%) $100.21 Supply 1,058,954 (8.9%) 972,324 Supply 635,358 (9.1%) 592,164 Demand 727,383 (7.2%) 678,419 Demand 444,194 (10.2%) 402,902 Revenue $106.5m (10.4%) $96.5m Revenue $71.3m (12.4%) $63.5m Despite a slight decrease in Occupancy %, because of new hotel inventory in Saratoga Springs & Saratoga County, overall demand and revenue grew significantly!

9 Convention/Group Business Group room business continued to grow throughout 2015. We saw more corporate group, sports & event leads and associations doing multi-year contracts again. 2015 2014 – Leads – Room nights 144,488124,383 – Leads – Economic Impact $99,734,148$77,770,774 – Definites/Assists - Room Nights 90,23079,762 – Definites/Assists – Economic Impact $67,463,989$54,412,041 Conventions/Events Held 20152014 – # of Conventions/Events Held 420 326 – # of Room Nights 80,18566,191 – Estimated Economic Impact $29,467,987 $23,718,221

10 Discover Saratoga NY

11 The impact of tourism and the growing convention business in Schenectady Learn more at Visitschenectady.com or contact Talia Cass, Tourism & Convention Manager, at tcass@proctors.org. tcass@proctors.org

12 Event Focus In 2014 & 2015, Schenectady County Visitors Agency (SCVA) focused on bringing unique visitors to Schenectady County through annual events that showcase the revitalized downtown area. SCVA works with organizations within the county to help plan and promote 200+ events. – The 4 th Annual Wing Walk in October sold out at 1,000 tickets. Event goers sampled up to 18 different wings from participating restaurants. – Schenectady County’s annual SummerNight featured headliner Bernie Williams(former Yankee player) and his All Star Band, which brought 22,000 + people to downtown Schenectady.

13 Growing Convention Business With ample meeting space in the Proctors Convention Complex, Schenectady Armory and more, Schenectady County is ready to accommodate for groups up to 350-400 people. In Spring 2017, Schenectady will be able to host meetings with more than 1,000 attendees. Host your meeting in Schenectady’s walkable downtown. Groups will enjoy downtown Schenectady’s 54 different restaurants, bars and more! See how your meeting would flow at Schenectady County Visitors Agency’s next Familiarization Tour. Contact Talia Cass at tcass@proctors.org for details. tcass@proctors.org

14 New Developments New Schenectady Amtrak Station coming in 2017 Under a mile away from the heart of downtown. Rivers Casino Along the Mohawk Harbor coming in Spring 2017 400-1,200 people meeting spaces + new restaurants, retail, bike paths and 3 new hotels.


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