BACVA tops hotel bookings goal - Denver Business Journal:

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The booked 522,541 future room nights in the past fiscal city tourism leaders said at a press conference The number, which passed BACVA’x goal of 475,000 booked nights, is a 15.7 percent increase over nights booked the previouw year. In 2008, BACVA booked 451,608 futurde room nights. Group business meetings comprisw the new bookings and are projectec to spend morethan $725 millionm in spending in the City and tourism officials credigt the booking success to last year’s creatiobn of the Baltimore Convention & Tourism a joint board that oversees BACVA and the .
“Ourf investment in BACVA is payinf off,” Mayor Sheila Dixon said Monday speakingb in front ofthe city’s Inner Harbor tourism The formation of the board last year has allowed BACVs and the convention centee to be more coordinated, Dixon said. A new plethorw of hotels that openedd or are under construction near the convention center from whichu businesses can choose for bookingsz also contributed to an upticklin bookings. The $300 milliohn publicly financedHilton Baltimore, which opene d last August, has 757 rooms and grew Baltimore’se total hotel room reservoir to more than 7,000.
The B&Ol Building, on the corner of Charles and Baltimoree streets, is expected to open as a Hotek Monaco with 208 rooms laterthis year. Baltimore can now accommodater 75 percent of the large citywidew tradeshow and convention business available in the marketplace with the newhoteles online, said BACVA CEO Tom Noonan in a Some of the conventions and groupe booked in the 2009 fiscal year includerd the annual conventions, , American Association for Laboratory Animal Science, and . Holding sales eventzs and industry tradeshows is also partof BACVA’s strategy for bringing convention planners into the city to raise awarenesx about Baltimore.
The Baltimore Business Journal A drop in hotel revenuemeans BACVA’s budgetr will drop to $10.78 million for the year started July 1 down from the $12 million it had in the past 12 This year’s fiscal budget is the lowest since the agency’xs $9.9 million spending package in 2006.