Up 4.1% from 2004; January-May, 2006 Hotel Occupancy
up 2.6% to 72.6%
|August 1, 2006 - The San Francisco Convention & Visitors Bureau
(SFCVB) has just completed their 2005-2006 fiscal year in which they booked
a record-breaking 1,035 convention groups and meetings, representing a
total of 2,149,676 hotel room nights over the next 21 years.
The citywide economic impact of these bookings is estimated at $1.7 billion.
A total of 2,172 groups, representing a potential 5,680,212 room nights, were added during the fiscal year on a tentative basis through 2030.
"San Francisco has the distinction of being a very 'balanced' destination for both convention business as well as leisure travelers," said Joe D'Alessandro, president and CEO of the SFCVB. Facing tough competition for these visitor dollars will always be a challenge, he cautioned, "and we have to continue to drive our sales and marketing strategy and work even closer with the local hospitality community."
D'Alessandro also reported the following Bureau achievements for the 2005-2006 fiscal year, which ended June 30, 2006:
Approximately 4.5 million people stayed in San Francisco hotels in 2005. Hotel guests accounted for 73 percent of dollars spent locally by out-of-town visitors, although only 38 percent of San Francisco visitors actually stay in hotels. The balance stay with friends and relatives, stay outside the City limits or come into the City only for the day.
For January-May, 2006 occupancy in San Francisco hotels was up 2.6 percent for an average of 72.6 percent and the average daily room rate (ADR) at $165.84 was up 9.1 percent according to PKF Consulting, a worldwide hotel analysis firm.
The San Francisco Convention & Visitors Bureau is a private, not-for-profit organization that markets the City as a leisure, convention and business travel destination. With approximately 1,700 member businesses, the SFCVB is the largest membership-based tourism promotion agency in the country. Tourism, San Francisco's largest revenue-generating industry, generates in excess of $7.37 billion annually for the local economy. For more information, call (415) 974-6900 or visit www.onlyinsanfrancisco.com.
|Also See:||Joe D'Alessandro, Head of Portland Oregon Visitors Association, Appointed CEO of San Francisco Convention & Visitors Bureau / May 2006|
|The 300,000 sq ft Moscone West Convention Center Expansion is Completed; 89 Pre-Opening Bookings through 2013 / June 2003|