"As our local restaurateurs and small business owners know: when conventions come to town, everyone downtown prospers."Ĭalvert said that at its low point, hotel occupancy was at 16%. "Hotel room nights create the base of our funding and bring countless ancillary dollars into the Central Business District," he added. are a critical component of the health of downtown Cincinnati," said Ric Booth, general manager of the Duke Energy Convention Center. "The convention business, along with events, trade shows, meetings and galas, and the events we host. It doesn't include the impact of losing signature events, like the Taste of Cincinnati, the Western & Southern Open, Cincinnati Music Festival or Oktoberfest Zinzinnati, one of the largest events of its kind in the world. And that number only reflects events scheduled through the CVB. The negative economic impact of losing those events was $114 million, Calvert said. The CVB estimates that 1,730,000 people would have stayed in those rooms - and ate Cincinnati food, drank Cincinnati beer and bought Cincinnati goods. Those canceled events equal 132,000 lost hotel room nights. Duke Energy Convention Center hosted only 20 events in the 12 months following the start of the pandemic. In total, 166 groups canceled conferences or conventions in Cincinnati/Hamilton County last year, per the CVB. And that continued throughout 2020," she said. "Events were canceling, meetings were canceling, (hotel room) occupancies really just started taking a downward spiral. Duke Energy Convention Center in downtown Cincinnati (Provided)
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