Chicago sets travel records

Chicago sets travel records across the board this summer

CHICAGO — The city of Chicago set multiple tourism records for the summer 2014 travel season.

For the first time, Chicago saw records across all key performance indicators – demand, occupancy, supply, average daily rate, revenue per available room and overall revenue.

Chicago’s record hotel performance during the peak tourism season of May-August shows that the City is on pace to achieve Mayor Rahm Emanuel’s goal of 55 million visitors a year by the year 2020 and create 30,000 additional jobs.

“This summer was a prime example of how, by making Chicago a destination for national and international travellers, leisure and business alike, we are making important gains that are bringing more opportunities to more Chicagoans,” said Mayor Emanuel.

“Our strategy is working and we will continue to aim higher to set new records next year, because bringing more conventions and tourism to Chicago means more jobs for residents and further supports our City’s economic growth.”

This year, during the summer season, Chicago had a record high 4.56 million hotel rooms available for occupancy, an increase of more than 117,000 room nights from 2013. For the fifth consecutive year, demand outpaced growth in supply, resulting in higher occupancy rates. Chicago’s hotels saw a record 87.2% occupancy during this period, a gain of 1.8% over 2013.