What's Happening?
A recent report by Oxford Economics highlights the significant economic contributions of Denver's hotel industry, which generates nearly $7 billion in economic activity and supports over 33,000 jobs. The
report, released ahead of The Hospitality Show 2025, underscores the pivotal role hotels play in the local economy. Hotel guests contribute over $4 billion annually, benefiting sectors such as dining, retail, arts, and entertainment. This spending creates a ripple effect, supporting additional jobs and economic activities beyond the hotel industry. The report also emphasizes the symbiotic relationship between hotels and small businesses, with each guest stay enhancing local business for restaurants, coffee shops, and retail stores.
Why It's Important?
The economic impact of Denver's hotel industry is substantial, providing crucial tax revenues that support public services like schools and infrastructure. The industry not only offers thousands of jobs but also fosters career development for Colorado residents, strengthening the local economy. The upcoming Hospitality Show 2025 will further highlight the industry's importance by bringing together leaders and innovators to discuss growth opportunities and innovations. This event is expected to attract thousands of participants, showcasing the industry's role in driving economic development and community prosperity.
What's Next?
The Hospitality Show 2025, set to take place at the Colorado Convention Center, will serve as a platform for discussing new growth opportunities and innovations in the hotel industry. With over 400 exhibitors and 100 expert speakers, the event will focus on technology innovation, workforce development, sustainability, and enhancing guest experiences. This gathering of hospitality leaders, innovators, and entrepreneurs is expected to generate further interest and investment in Denver's hotel sector, potentially leading to more economic growth and job creation.
