News Item

01.19.2017

Chicago Tourism Metrics, December 2016

Making Chicago a premier destination for tourism and entertainment is a major part of Mayor Rahm Emanuel’s Plan for Economic Growth & Jobs that WBC is implementing to drive growth in Chicago. Choose Chicago, the official destination marketing organization for Chicago, also plays an integral role in economic growth by attracting business and leisure visitors to the city.

In early January, the city and Choose Chicago announced a tourism record was reached in 2016: an estimated 54.1 million out-of-towners visited Chicago last year. Of the total visitors, about 80% came for pleasure and 20% traveled on business. More information can be found in this Crain’s Chicago Business article.

The following points summarize recent tourism, hotel and air passenger trends for Chicago:

  • Hotel room demand in the Central Business District was 720,245 rooms occupied in December, a 1.4% decrease from 730,322 rooms a year ago.
  • The overall average daily rate (ADR) was $149.42 in December, down from $160.37 a year ago.
  • The Chicago Central Business District has 122 hotel properties comprising more than 40,000 rooms.
  • O’Hare – the world’s busiest airport in terms of flight operations – and Midway International airports served a combined 8.06 million air passengers in November 2016, which is a slight increase of 0.6% over last November’s passenger volume.

Average daily rate and room demand trends are illustrated in the following charts:

Source: Choose Chicago; Chicago Department of Aviation. For more information on Chicago’s tourism landscape, please refer to the Choose Chicago website and 2015 Annual Report.

Chaired by Mayor Rahm Emanuel, World Business Chicago is the public-private partnership leading the Plan for Economic Growth and Jobs in order to drive business development, cultivate talent, and put Chicago at the forefront of the global economy.

WBC’s “Economic Briefs” track indicators from month to month to gauge the strength of several aspects of Chicago’s economy, including unemployment, population, venture capital, job openings and new hires, home sales, tourism, etc. This data provides a clear analytic framework for specific Plan strategies and initiatives. For a summary of these and other economic indicators, refer to WBC’s monthly Chicago By The Numbers.

Related News

NEWS

News Item

10.13.2022

Chicago Mayor Lori E. Lightfoot & World Business Chicago Announce the Inaugural Chicago Venture Summit Future-of-Food

More than 600 founders, Fortune 500 leaders, and investors are attending Chicago’s flagship food innovation conference hosted by World Business Chicago. CHICAGO, May 26, 2022 – Chicago Mayor Lori

View article

News Item

04.11.2022

World Business Chicago at SeedCon 2022

The Rattan L. Khosa SeedCon is Chicago Booth’s flagship entrepreneurship and venture capital conference. As the world seemed to stand still amidst the COVID-19 pandemic, investors, entrepreneurs, an

View article

News Item

04.11.2022

World Business Chicago Partners with Global Fintech Leader tastytrade for ThinkChicago Fintech Summit

“Innovation is the many years of study and analysis, which then finds itself in the path of an emerging opportunity” -Linwood Ma, tastytrade CTO World Business Chicago was proud to…

View article

News Item

03.30.2022

CBO Collective Announces $1 Million Grant from Google.org to Provide Job Placement and Support to Jobseekers from Under-Resourced Chicago Communities

CHICAGO — The Community Based Organization Collective today announced a $1 million grant from Google.org to help place hundreds of jobseekers on Chicago’s South and West sides into in-demand caree

View article
Translate »