Philadelphia Hospitality Industry's $500 Million Summer

Philadelphia's hospitality industry had a gangbusters summer this year. A $500 million summer, that is, due in part to the Democratic National Convention and a hefty convention calendar.

The DNC, eight citywide conventions and major sporting events have contributed to what officials in Philadelphia's hospitality industry are calling a blockbuster summer, including increases in both hotel occupancy and revenue per available room, increased attendance at arts-and-cultural institutions and restaurants, and money generated and injected into the local economy.

The events this summer produced a combined economic impact of nearly $500 million for Philadelphia, according to the Philadelphia Convention & Visitors Bureau.

The DNC has come and gone, but its affects linger. During the week — Monday, July 25, through Thursday, July 28 — hotel occupancy was at 97.6 percent, a 10.3 percent increase over the same time period last year, PHLCVB said.

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