Leisure and hospitality jobs in Chicago grow
Posted on May 18, 2013
The number of leisure and hospitality jobs in Chicago is growing, as tourism also burgeons significantly.
Mayor Emanuel and Choose Chicago recently announced another tourism record.
For tourism, April was the best it has ever been in Chicago’s history, at 78.8 percent, a 3.1 percent increase over last year’s total of 76.4 percent occupancy in April. Occupancy eclipsed the previous record high of 78.2 percent occupancy, in 2008.
The industry is back to pre-recession numbers. The occupancy rate is the highest April ever; the ADR and RevPar statistics are the highest since 2008.
Year to date numbers are also outstanding so far. Total occupancy has hit 64.2 percent, up 1.7 percent from last year and challenging 2007 for the best numbers Chicago has seen. For the year, the ADR is $158.70, a 2.9 percent increase from last year, and total revenue from the hotel industry is the highest year to date that it has ever been, at $427 million.
This is a reflection of the increasing occupancy rates at the same time that there is dramatic increase in the number of hotel rooms available in the city. At present there are approximately 35,000 hotel rooms in the city, and more than 2,500 additional rooms are currently under construction.
“Our advertising and promotional efforts are working,” said Don Welsh, President and CEO of Choose Chicago. “We are off to a great start for this year and we are looking forward to a strong spring and summer. If this positive trend continues we will have a great year for tourism.”
“I am committed to attracting visitors to Chicago, for business and pleasure,” said Mayor Emanuel. “These numbers show a city that is moving in the right direction in this critical area and I look forward to welcoming more and more visitors to our wonderful city, and the positive economic impact they bring.”