With the halt of business and convention travel due to COVID-19, the Convention District businesses bear significant economic burden. Some 95% of Global Business Travel Association members report having cancelled all domestic travel in 2020. Without the high occupancy percentages, mid-week convention rates and the food & beverage segment, the Convention District hotels have a tough road to recovery. The Salt Lake Convention District hotels had the steepest decline of performance compared to their competitive set and other Salt Lake neighborhoods.
Year-over-year visitation patterns show a decrease in visitation to the downtown and an increase in visitation to the outer regions of the city. This shows that both residents and visitors are spending more time in the recreational areas and not the downtown.
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