Tag

Hotel Occupancy

All articles tagged with #hotel occupancy

business20 hours ago•5 min saved

New York's World Cup Promise Fades as Hotels Sit Empty

NYC is bracing for the World Cup with hotel bookings only about 25% for the six weeks around games at MetLife Stadium, despite FIFA predicting sold-out matches; weak demand and high travel costs—exacerbated by international tensions and visa hurdles—are dampening attendance and ticket resale prices, threatening city revenue as added costs for security and management may exceed projected tax gains (roughly $55M in tax revenue versus about $70M in costs).

via THE CITY - NYC News|

#business #hotel-occupancy #metlife-stadium

travel12 days ago•5 min saved

Lexington Derby Weekends Lose Sell-Out Glow as Crowds Split to Louisville

Lexington hotels are seeing weaker Derby weekend demand as more travelers stay closer to Louisville, spreading Derby crowds and reducing sell-outs. Industry watchers point to added race days, tighter security, rising costs, and evolving attitudes toward horse racing as drivers of the shift, prompting hotels to adopt more modest pricing and occupancy-focused strategies. Demand remains stronger during Keeneland meets and events like Railbird, with some properties already booked for those, and one hotel forecasting Derby-day occupancy around 85-90% as near-term bookings pick up.

via Fox News|

#hotel-occupancy #keeneland #kentucky-derby

travel-and-tourism2 years ago•1 min saved

Taylor Swift's Soldier Field concerts break Chicago hotel booking record.

Chicago broke its hotel occupancy record with over 44,000 rooms occupied over the weekend, thanks to events such as the James Beard Awards, a medical conference, and three sold-out Taylor Swift shows at Soldier Field. The record-breaking occupancies accounted for $39 million in total hotel revenue. The city is expecting more big-name concerts and events throughout the summer.

via NBC Chicago|

#chicago #events #hotel-occupancy