With the inclusion of the official overseas visitation volume for 2012, Chicago’s total visitation set a new record high in 2012 at 46.37 million, meaning in just two years, the city is 66 percent of the way to closing the gap and realizing Mayor Emanuel’s 2020 goal of 50 million visitors. Reaching that goal would increase tax revenues to $1.2 – $1.3 billion per year and nearly $15 billion in direct spending. Even this single rise in the rankings has helped drive the record hotel construction we have seen so far this year, as well as a record hotel occupancy rate of more than 73% – the best since the recession. That hotel occupancy produced more than $1 billion of hotel revenue so far in 2013.
surpassing all expectations, Chicago welcomed a record 1.369 million overseas visitors in 2012, representing an impressive 14.2% gain over the 1.199 million overseas visitors reported in 2011, and moving Chicago into 9th place in overall city rankings according to US Department of Commerce rankings.
Growth from Asian markets to Chicago (+30%) was particularly strong, twice that of the national average, with strong growth from the South American markets (+18%). These two markets are responsible for more than half a million overseas visitors in 2012. This outsized growth in these two markets reflect the increased marketing that Choose Chicago has placed there, locating new offices and selling Chicago has a top tourism, convention and business destination for these economic zones. 2012 also saw a dramatic 41% increase in visitations from the Mexican market to 142,000, more than four times the national growth rate.
Tourism includes many interesting issues, I am mainly concerted of what phisical change will the thrive of this industry bring? These issues interest me most:
From Where are overseas tourists from?
How do they come to Chicago?
What change will this change bring to Chicago? For instant how many hotels, resturants and shopping malls are being built or rebuilt?