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Denver’s Hotel Industry Generates $7 Billion in Economic Activity – Image Credit Unsplash
A recent economic impact report by Oxford Economics reveals that Denver’s hotel industry is a significant contributor to the local economy, generating nearly $7 billion in economic activity and supporting over 33,000 jobs. The report was released ahead of The Hospitality Show 2025, a major industry event set to take place in Denver.
Economic Contributions of Denver Hotels
The Denver hotel sector not only plays a pivotal role in the city’s economy but also supports a wide array of other local industries. According to the report, hotels help generate approximately $1.1 billion in federal, state, and local tax revenues annually. These funds are crucial for maintaining and developing public services such as schools, infrastructure, and emergency services.
Hotel guests contribute significantly to the economy, with spending exceeding $4 billion annually in Denver. This expenditure benefits various sectors, including dining, retail, arts, and entertainment, thereby creating a ripple effect that supports additional jobs and economic activities outside the hotel industry.
Community and Small Business Impact
The report emphasizes the symbiotic relationship between the hotel industry and small businesses. Rosanna Maietta, President & CEO of the American Hotel & Lodging Association, highlighted that thriving hotels lead to thriving communities. Each guest stay enhances the business for local entities such as restaurants, coffee shops, and retail stores.
Amie Mayhew, President & CEO of the Colorado Hotel and Lodging Association, also noted the significant role of hotels in creating employment opportunities. The industry not only offers thousands of jobs but also fosters career development for Colorado residents, contributing to the overall strength of the local economy.
The Hospitality Show 2025
The upcoming Hospitality Show 2025 at the Colorado Convention Center is expected to draw thousands of hospitality leaders, innovators, and entrepreneurs. This event will serve as a platform for discussing new growth opportunities and innovations in the hotel industry. More than 400 exhibitors and 100 expert speakers will participate, focusing on topics such as technology innovation, workforce development, sustainability, and enhancing guest experiences.
Read the Economic Impact of the Hotel Industry City of Denver report.
Denver’s Hotel Industry Generates $7 Billion in Economic Activity – Image Credit Unsplash
A recent economic impact report by Oxford Economics reveals that Denver’s hotel industry is a significant contributor to the local economy, generating nearly $7 billion in economic activity and supporting over 33,000 jobs. The report was released ahead of The Hospitality Show 2025, a major industry event set to take place in Denver.
Economic Contributions of Denver Hotels
The Denver hotel sector not only plays a pivotal role in the city’s economy but also supports a wide array of other local industries. According to the report, hotels help generate approximately $1.1 billion in federal, state, and local tax revenues annually. These funds are crucial for maintaining and developing public services such as schools, infrastructure, and emergency services.
Hotel guests contribute significantly to the economy, with spending exceeding $4 billion annually in Denver. This expenditure benefits various sectors, including dining, retail, arts, and entertainment, thereby creating a ripple effect that supports additional jobs and economic activities outside the hotel industry.
Community and Small Business Impact
The report emphasizes the symbiotic relationship between the hotel industry and small businesses. Rosanna Maietta, President & CEO of the American Hotel & Lodging Association, highlighted that thriving hotels lead to thriving communities. Each guest stay enhances the business for local entities such as restaurants, coffee shops, and retail stores.
Amie Mayhew, President & CEO of the Colorado Hotel and Lodging Association, also noted the significant role of hotels in creating employment opportunities. The industry not only offers thousands of jobs but also fosters career development for Colorado residents, contributing to the overall strength of the local economy.
The Hospitality Show 2025
The upcoming Hospitality Show 2025 at the Colorado Convention Center is expected to draw thousands of hospitality leaders, innovators, and entrepreneurs. This event will serve as a platform for discussing new growth opportunities and innovations in the hotel industry. More than 400 exhibitors and 100 expert speakers will participate, focusing on topics such as technology innovation, workforce development, sustainability, and enhancing guest experiences.
Read the Economic Impact of the Hotel Industry City of Denver report.
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The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making
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It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution
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