Illinois has achieved its highest-ever hotel revenue figures, Gov. J.B. Pritzker announced Monday, with the total for the latest fiscal year exceeding even pre-pandemic levels. Hotels garnered a total $308 million in revenue during Fiscal Year 2023 – from July 1, 2022 to June 30, 2023 – a notable increase from the $296 earned in Fiscal Year 2019. Figures dipped…
State officials credit the"Middle of Everything" campaign, featuring Illinois native, actress Jane Lynch, and Taylor Swift's three-day"Eras Tour" stop at Soldier FieldIllinois has achieved its highest-ever hotel revenue figures, Gov. J.B. Pritzker announced Monday, with the total for the latest fiscal year exceeding even pre-pandemic levels.
"My first time at a press conference with Governor Pritzker was announcing hospitality emergency grants in the first few days of the pandemic, just to throw a lifeline to hotels, and here we are today announcing record numbers," said Michael Jacobson with the Illinois Hotel and Lodging Association. Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weekly"When the people of this state set out to do something, we think big and get the job done," the governor stated.
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Illinois hotel revenue breaks pre-pandemic record in 2023Hotel revenues in Illinois reached a record high over the 12 months ending June 30, though occupancy rates in Chicago, the state's largest hotel market, have yet to recover to pre-pandemic levels.
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