• Atlantic City Announces Great Numbers

     
    POSTED May 27, 2015
     
    Photo credit: Courtesy of DO AC

Atlantic City has announced a stellar quarter and representatives believe this will welcome even more business in the coming months.

“The key indicators show that the current operators continue to improve,” says Matthew Levinson, chairman, New Jersey Casino Control Commission. “Gaming revenue is up, total revenue is up, net revenue is up, gross operating profits are up, hotel occupancy rate is up and the average room rate is up. ”

This week, the city reported the gross operating profits for its eight casinos doubled in the first quarter—a trying time during the winter months. This success likely means a strong summer will occur.

“The hotel occupancy climbed nearly 3 percentage points in the first quarter to 72.8 percent,” says Levinson. “The average room rate was $98.87, compared to $96.25 in the first quarter of 2014. The first quarter numbers include the winter months, which is a trying time to make a positive profit.”

The casino industry itself posted an $81.3 million operating profit for the quarter—a 109 percent increase compared to $38.8 million a year ago. And this is even with four casino closing during the past year. The industry continues to grow.

Additionally, the city will be reinvesting in other non-gaming attractions, improving the number and type of visitors.

“With all of the recent new developments along with the strong demand for Atlantic City from our group and leisure customers we are set to have a very strong summer season,” says Jim Wood, president/CEO, MEET AC. “The future of Atlantic City is getting brighter by the day.”

North of Philadelphia, Bucks County is celebrating their record-breaking amount of visitors.  

In 2018, the county welcomed 8.15 million visitors, an increase of 1.6 percent from 2017 and achieved a record-breaking $1.1 billion in total economic impact. With such numbers, the hospitality industry is taking full advantage.  

As Bucks County tourist status rises, for the travelers who are searching for a local experience, Bucks County is filled with breweries, independent restaurants, and hidden gems to visit.  

 

Looking for some unique team-building opportunities? Kimpton Hotel Monaco Pittsburgh has you covered. From pretzel-twisting and cocktail-mixing classes to the "52 Up Close" show with magician Lee Terbosic, your group can experience everything from education and comedy to sleight of hand tricks and mind reading. "Careful with your thoughts about your colleagues!" warns Greg Goffin, director of sales.

 

Nestled in the heart of Williamsburg Brooklyn, Hotel Indigo is now welcoming leisure and business travelers alike with everything from lounges and meeting rooms to an unbeatable location near trains that will take you anywhere in New York City.