Visit Baltimore Annual Report FY25 2025 | Page 42

APPENDIX B: HOTEL PERFORMANCE & VISITOR SPENDING

HOTEL PERFORMANCE I. FY24 Hotel Tax Collections: $ 29,167,889
II. Number of Hotels in Pipeline:
3 Hotels in Baltimore, with 260 Rooms Expected in CYs 2025-2028 5 Rooms Under Construction – Due 2025 135 Rooms in Final Planning – Due 2027 120 Rooms in Proposed – Due 2028
Source: CoStar, as of September 30, 2025
VISITOR SPENDING BY CATEGORY Overnight 23 % Restaurant Food & Beverage 12 % Transportation at Destination 37 % Lodging 13 % Recreation / Entertainment 16 % Retail Purchase
Day Trips 34 % Restaurant Food & Beverage 20 % Transportation at Destination 21 % Retail Purchase 25 % Recreation / Entertainment
VISITOR SPENDING BY MARKET $ 2.947 Billion Overnight Visitors $ 1.325 Billion Day Visitors Source: Longwoods 2024 Travel USA Visitor Profile Report
BOOKINGS BY MARKET SEGMENT“ Educational”,“ Health & Medical” and“ Hobby & Vocational” Associations along with“ Athletic & Sports” were the top 4 Markets booked in FY25- representing 129 Events or 36 % of all Events booked, and 180,109 Room Nights or 50 % of all Room Nights booked
Between CYs 26- 29, 135 of these Events will arrive in Baltimore generating over 230,000 Room Nights
Visit Baltimore booked 33 Events with the“ Religious”,“ Ethnic” and“ Fraternal” Markets, representing 29,000 Room Nights. Between CYs 2026- 2029, 12 of these events will arrive in Baltimore representing over 17,000 Room Nights Source: Longwoods 2024 Travel USA Visitor Profile Report
STATE ORIGIN OF TRIPS Maryland: 23 % Day / 15 % Overnight Pennsylvania: 18 % Day / 14 % Overnight New York: 11 % Day / 11 % Overnight Virginia: 10 % Day / 7 % Overnight Florida: 6 % Overnight North Carolina: 5 % Day
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