APPENDIX B : HOTEL PERFORMANCE & VISITOR SPENDING
HOTEL PERFORMANCE I . FY24Hotel Tax Collections : $ 32,034,711
II . Number of Hotels in Pipeline : 3 Hotels in Baltimore with 291 Rooms are expected to be built in CYs 2025 / 2025 156 Rooms Under Construction -
Five Due 2025 , 151 Due 2026 135 Rooms Final Planning – Due 2026
Source : CoStar , as of October 2024
VISITOR SPENDING BY CATEGORY Overnight 23 % Restaurant Food & Beverage 12 % Transportation at Destination 38 % Lodging 13 % Recreation / Entertainment 15 % Retail Purchase
Day Trips 34 % Restaurant Food & Beverage 20 % Transportation at Destination 21 % Retail Purchase 24 % Recreation / Entertainment
VISITOR SPENDING BY MARKET $ 2.743 Billion Overnight Visitors $ 1.242 Billion Day Visitors Source : Longwoods 2023 Travel USA Visitor Profile Report
BOOKINGS BY MARKET SEGMENT
“ Sports ”, “ Health & Medical ” Associations and “ Education ” Associations , were the top 3 Markets booked in FY24 – Representing 108 Events or 33 % of all Events booked , and 146,917 Room Nights or 44 % of all Room Nights booked .
Between CYs 25-28 , 47 of these Events will arrive in Baltimore generating over 107,000 Hotel Room Nights .
Visit Baltimore booked 19 Events within the “ Religious ”, “ Ethnic ”, and “ Fraternal ” Markets , representing 31,000 Room Nights . Between CYs 2025-2027 , 9 of these Events will arrive in Baltimore representing over 27,000 Room Nights .
38 APPENDIX