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Tourism Market

 

Visitor Overview
2006 Tourism Year
2006 was the best tourist year yet for Denver with 11.7 million overnight visitors coming to the city, a 13 percent increase over the 10.4 million who came to Denver in 2005. This increase represents the largest single one year increase in tourism in Denver's history. Overnight leasure travel to the city increased from 7.9 million to 9.1 million visitors. The record number of visitors spent a record $2.76 million, which was also a 13 percent increase over 2005. The biggest increase in spending was seen in the accomodations category Larimer square
where spending increased 24 percent to $800 million, reflecting the 2006 increases in hotel inventory, occupancy and room rates.

The number of "marketable" visitors - visitors who are not visiting friends or relatives and can therefore travel to any destination - increased a record 12 percent to 3.6 million visitors. Business travelers increased by 7 percent to 2.6 million, surpassing a national increase of just 5 percent in 2006.
Source: Longwoods International, 2006



Photo of Larimer Square

Graph compares 2005 and 2006 visitor spending
Source: Longwoods International, 2006


Visitors Rank Top Shopping and Attractions
Leisure visitors looking for shopping ranked the 16th Street Mall as the number one most popular shopping destination. Other Downtown retail destinations including Larimer Square, Denver Pavilions and the Shops at Tabor Center, all ranked in the top ten. LoDo was the most popular sight or attraction and the Colorado State Capitol, U.S. Mint, Downtown Aquarium, Denver Art Museum and Elitch Gardens were all ranked in the top 15.
Source: Longwoods International, 2006

Colorado Convention Center
Colorado Convention Center
2006 Convention Overview
2006 was the best year in Denver's history for Conventions. More than 530 meetings and conventions were held in Denver with 320,950 attendees and an estimated economic impact of $521.2 million, a 23 percent increase over the previous record of $424.3 million in 2005.
Source: Denver Metro Convention & Visitors Bureau


According to meeting planners, Denver is the 4th best convention destination in the top 40 U.S. cities. Overall, Denver is rated 10th best convention destination out of the top 40 cities.
Source: 2007 Metropoll

 

10 Year Citywide Convention Center Activity

 

  No. of Conventions Total Attendance (projected) Total Room Nights (contracted) Spending Generated
1997 42 183,400 292,210 $212,017,312
1998 36 161,400 249,593 $268,586,856
1999 43 157,162 249,593 $213,692,387
2000 37 128,650 251,129 $231,218,182
2001 34 156,398 229,311 $223,618,070
2002 31 120,545 246,084 $149,350,448
2003 26 112,048 243,013 $166,940,774
2004 30 125,196 228,423 $181,641,408
2005 40 164,095 274,965 $305,738,136
2006 55 197,040 307,961 $358,948,440
2007 75 226,030 411,741 $429,084,768

Source: Denver Metro Convention & Visitors Bureau

 

Downtown Hotel Market
Downtown is home to approximately 17 percent of metro area hotel rooms with a total of 7,888 rooms. The 2007 average occupancy rate was 69.5 percent with an average room rate of $152.48 - the highest average room rate in the metro area.
Source: Rocky Mountain Lodging Report

Downtown Denver has 6 hotels under construction or planned which will add over 1,300 rooms and nearly 200 condos to the hotel and residential markets.
Source: Compiled by the Downtown Denver Partnership, last updated February, 2008

graph of hotel occupancy and room rates

© 2007 DOWNTOWN DENVER PARTNERSHIP                                                                   HOSTED AND DESIGNED BY VERBENA DESIGN