2018 October POINT!

Convention and visitor industry remains strong in OKC

T he Oklahoma City Convention and Visitors Bureau, a division of the Chamber, concluded another successful fiscal year on June 30. According to the CVB’s recently released Annual Report, the Oklahoma City convention and visitor industry continues to see growth and success in the wake of new additions to the Oklahoma City attraction market. Between July 1, 2017, and June 30, 2018, Oklahoma City exceeded $15 million in total hotel room taxes for the first time in the history of the CVB, an increase over FY17 by 7.5 percent. Comparing FY2018 with FY2017, room night demand from a broad mix of business increased by 8.36 percent, hotel revenue increased by

8.63 percent and hotel room supply grew citywide by 4.35 percent. These metrics far outpace those found in Oklahoma City’s competitive set of cities who compete for the same events, and only Austin added a larger percentage of rooms to its inventory. The CVB team concluded FY18 with 379,255 definite room nights produced in the convention, sports, group tours and equine markets. The CVB also provided registration and servicing to 263 groups and 43 site visits to potential groups. Oklahoma City also hosted 710 motorcoach group tours during the fiscal year. The year-end economic impact for conventions and sports sales was $113,169,916.

THE POINT - OCTOBER 2018 20

www.okcchamber.com

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