Attachment A - Post-Pandemic Booking Update
City of Phoenix — Economic Development and Equity Subcommittee (2023-03-22)
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ATTACHMENT A
PHOENIX CONVENTION CENTER & VENUES POST PANDEMIC BOOKING UPDATE
Pre-Pandemic Trend
From 2015 through 2019 the PCC
averaged 67 citywide conventions per year
•
Sales lead volume is up 22% year over year, indicating that enthusiasm for Phoenix as a destination remains high.
•
Event bookings for 2023 are 7% ahead of pace
•
Event bookings for 2024 are 10% ahead of pace
Pre-Pandemic Trend
From 2015 through 2019 the activity at
the PCC generated approximately 1.6
million hotel room nights
•
Hotel room nights are 12% ahead of pace over the next 8 years
•
2026 remains a need period as room nights are below pace by 19%
Pre-Pandemic Trend
From 2015 through 2019 the PCC
averaged 245,000 convention delegates
per year
•
The nearly 283,000 delegates booked for 2023 are more than any of the five pre-pandemic years
Pre-Pandemic Trend
From 2015 through 2019 activity at the PCC
generated approximately $1.7 billion in direct
spending
•
270,000 future delegates were booked in FY 21-22 with a projected direct spend of over $420 million.
A report by Tourism Economics and 2Synergize, “FuturePace Year-end Goal Forecast
2022 to 2025,” using booking pace data from more than 250 Destination Marketing
Organizations, estimates that by 2024, group demand could reach 98.1% of 2019
levels. Group demand is expected to surpass 2019 levels by 2025.