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More People Are Visiting D.C.'s Hotels Than Ever Before

This past year saw the highest occupancy rate for all Washington, D.C. hotels in a decade. The D.C. Office of Revenue Analysis analyzed data from May 2005 to May 2015 and discovered that this growth was attributed to the new Convention Center hotel's first full year as well as the year-over-year exponential growth in demand for hotel rooms in Washington, D.C. Industry data company STR, Inc. determined that the 12-month year ending in May 2015 saw 6.2 percent higher hotel demand than the previous year, with a total 77.3 percent occupancy. With a 4.3 percent higher average room rate compared to the prior year—the highest room rate percentage change in four years—this caused this year's hotel revenue to jump by 10.7 percent. This adds up to roughly $22 million for D.C.'s tax revenue. Despite the skyrocketing room demand, that has not resulted in more jobs in the hotel sector. There has also been no gain in wage or salary, according to the D.C. Office of Revenue Analysis. In 2014, the District's 14.5 percent hotel tax generated $226 million in revenue, about one fifth of total sales tax revenue in Washington, D.C.

· More people are staying in District hotels and they are paying more for their rooms [District, Measured]
· Mapping the Most Essential Hotels in Washington, D.C., June '15 [Curbed DC]
· These Scathing Reviews Decimate Five of D.C.'s 'Best' Hotels [Curbed DC]