Quote:
Originally Posted by hammersklavier
Even when all those new rooms hit the market that structural deficit will remain persistent. (1100 out of ~4k is just over a quarter of the overall deficit.)
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When the city hosts huge events, such as the pope visit followed by the DNC, having quality hotels really matters.
It's not just additional tax revenue for the city, but more revenue from the local eateries and visits to local shops as well.
When you think about it, the street vendors would also benefit from the hotels.
Oh wait, does "Center City" have street vendors?
It's been too many years since I've been there!