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Denver Economic Development & Opportunity

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Denver Economic Development & Opportunity America's Competitiveness Exchange August 2, 2021 Who is VISIT DENVER? § 112-years old § Contracted by the City & County of Denver to market Denver as a destination § Nearly 1,300 partners § Mix of public funding (Lodger’s Tax) and private dollars (partnership dues, advertising, partnerships)- 2019 $42M budget Direct & Indirect Impact of Travel What We Do MARKET Meeting Planners SELL DENVER Travel Planners DENVER Tour Operators Leisure Travelers Travel Writers Partners SERVICES FOR VISITORS Vision: Denver is America’s leading outdoor city, known to visitors for its urban, active, and cultural experiences. Recent AccolaDes #9 Best Cities for an Active Lifestyle & Lonely Planet: Top #2 Ranking Best Colorado Top 10 Best States for Ten Cities in the Places to Work Millennials & #9 for 2021 Healthiest World to Visit Cities in America Global Trade Magazine: One of Black American West Top ten cities best- the Top Three Convention Museum as Final Stop positioned to recover from Cities in the Southwest on U.S. Civil Rights Tour coronavirus in the U.S #4 Sustainable CompTIA: the IT industry trade Destination in the association: #10 “Top Tech Town Top 100 World’s Greatest Places for 2021 World for 2021 Denver International Airport 183 Domestic Nonstop Destinations 19 International Nonstop Destinations 202 Total Nonstop Destinations by 24 airlines Busiest airport in the world (Jan-Mar 2021); only 43 fewer average daily 6th flights in 2021 than in 2019 SOURCE: Denver International Airport, ACI rankings DEN Passenger Traffic January to May 2017 – 2021 SOURCE: Denver International Airport Denver Union Station DEN Great Hall 16th Street Mall Meow Wolf $7B of New Investments Convention Center Expansion National Western Center A Line & Westin Hotel I70 Reconstruction9 Denver Union Station § Historic Landmark § Transit Hub o Amtrak o Rail & Bus Service § Boutique Hotel § Restaurants/Retail Shops Current: § 584,000 Sq. Ft. of Exhibits Convention Center Expansion § 2 Ballrooms – 50K & 35K Sq. ft. § 5,000 - Seat Theater Rooftop Expansion: § 80,000 Sq. ft. Ballroom § 35,000 Sq. ft. Pre-function § 20,000 Sq. ft. Outdoor deck § Technology enhancements Denver Art Museum Revitalization § Opening 2021 Gio Ponti’s “tube” entrance § $150 M Project Mission Ballroom Music Venue Entertainment Districts/Neighborhoods Residential units, retail, restaurants, offices & hotels 16th Street Mall More than $100 Million Reconstruction 15 National Western Center $1-Billion Facility – Creating a year-round entertainment, education and recreation venue • Equestrian Center • Colorado State University Facility • 20-acre South Platte River Park Hotel Development Vib by Best Western Hotel & Resorts, 2021 Hyatt Centric, 2021 Thompson Denver, by Hyatt, 2021 140 rooms 263 rooms 216 rooms McGregor Square Hotel, The Clayton, 2021 The Rossonian Rockies Ballpark Development, 2021 63 rooms 105 rooms 176 rooms 54,000 11,000+ 3,200 4,775 # of rooms # of rooms # of rooms within Hotel rooms under construction in Denver Metro Downtown 1 block of the Colorado or in final planning stage for late Convention Center 2020 – 2025 (Metro) Three Major Visitor Market Segments § Business Travel § Group § Leisure Economic Development Nexus § Bring thought leaders together from around the world to increase long term economic development § Experts and creatives are in our city, they collide and cross-pollinate with locals and Denver gains from that § Seeds are planted during conventions that can grow into great opportunities over time § VISIT DENVER promotes expertise in priority sectors, and leaders in those sectors as a primary sales strategy to engage meeting planners & differentiate Denver’s value proposition InDustry Cluster Alignment With Conventions Broadcasting and Telecommunications Energy § Society of Cable Telecommunications Engineers § Society for Mining, Metallurgy & Exploration § NTCA The Rural Broadband Association § Wind Energy § International Communication Association § American Association of Petroleum Geologists § Society for Mining, Metallurgy & Exploration Heath care and Wellness § Cardinal Health Financial Services § DaVita § LPL Financial § Cardiovascular Research Foundation § Charles Schwab § Mortgage Bankers Association Information Technology Software § New York Life § Microsoft § Association for Financial Professionals § Ellucian § Hewlett-Packard Bioscience § Association for Computing Machinery § Society of Nuclear Medicine § SAS Institute Inc § American Association of Physicists in Medicine § International Society for Technology in Education Business Relocations & Expansions What influences Executive location perceptions? § Since the 90s travel has been the top factor § 59% said travel, both business and personal has influenced their decision on location for their business Note: Survey of site selectors indicated more than 80% executives future selection process started due to a vacation or meeting Source: Destination Counselors International DCI & MDEDC Employee Job and/or Relocation Decisions How talent forms location perceptions? § 76% Cite first-hand experiences What would be the best relocation tools to use? § 80% Cite the chance to visit § 44% Social media plays major role Source: Destination Counselors International DCI Tourism Efforts Top Countries Sending Visitors § Year-round regional, national & international marketing campaigns •Canada § International tradeshows & sales missions •United Kingdom § $80M annually in media from PR efforts •Mexico § International flight development •Germany •Australia § Collaborate with partners, USTA, State, Ski Country, DEN, City and •France region •China § Local branding programs (E.g. Denver Restaurant Week) •Japan •Brazil Tourism Marketing Efforts Year-Round Campaigns § $12-$15 million in marketing, advertising & PR § Winter, Spring/Summer, Fall/Cultural, Mile High Holidays § Summer holiday weekends § Dedicated blockbuster exhibition promotions Marketing Programs VISITDENVER.com website § #1 Denver tourism site Active with all social media channels § +1.7M engagements 622,500 Visitor Guides, Dining & Mtg Planning Guides & Beer Trails $86M in annual press Regional & Local BranDing 3 days $32.50 3, 4 or 5 attractions, One of largest in country over 7 days ~200 restaurants 14,000+ subscribers 26% email open rate Nearly 250 events Citywide event calendar More than 400 events at $2.4 million+ in PR value 2nd most-visited section on 150 participating orgs website 2019 Overnight Trips to Denver 20 31M Total Visitors 17.3 17.4 17.3 17.7 15 16.4 15.4 13.6 14.0 12.7 13.2 11.7 12.2 12.2 12.1 10 10.3 10.2 10.4 9.4 9.6 9.7 9.9 8.8 9.0 7.9 7.2 7.1 5 MILLIONS OF TRIPS 0 `94 `95 `96 `97 `98 `99 `00 `01 `02 `03 `04 `05 `06 `07 `08 `09 `10 11 `12 `13 `14 `15 `16 `17 `18 `19 Source: Longwoods Int’l 2019 Total Travel SpenDing – Day & Overnight Overnight Visitors (86%) $6.0 Billion Total Spending = $7.0 Billion Denver International Forecast Day Visitors (14%) $970 Million Source: Longwoods Int’l Denver’s Product – “Would Really Enjoy Visiting Again” 100% 82% 83% 80% 78% 78% 80% 80% 75% 77% 72% 71% 70% 64% 67% 64% 67% 65% 66% 66% 60% 63% 62% 60% Denver40% International Forecast 20% PERCENT WHO PERCENT STRONGLY WHO AGREE 0% `99 `00 `01 `02 `03 `04 `05 `06 `07 `08 `09 `10 `11 `12 `13 `14 `15 `16 `17 `18 `19 Source: Longwoods Int’l +65% INCREASE +24% INCREASE Source: Longwoods International Leisure Tourism Growth (Since 2005) Arts & Culture Support § 1% metro tax funds the Scientific & Cultural Facilities District (SCFD) generating more than $60M annually § Supports more than 300 metro arts and cultural organizations 31 OPENING 2021 Arts & Culture Cultural Diversity § § Art District on Santa Fe, RiNo World-Class Cultural Attractions! Forney Museum of Art District, Five Points Historic § Black American West Museum Transportation § § District Children’s Museum History Colorado Center § March Powwow, Cinco de § Clyfford Still Museum § Kirkland Museum of Fine & Mayo, Black Love Mural § Denver Art Museum Decorative Art Festival, Juneteenth, PrideFest, § Denver Botanic Gardens § MCA Denver § § Babe Walls, Dragon Boat Denver Museum of Nature & Molly Brown House Museum Festival and others Science § Museo de las Americas § § Vibrant street art throughout Wings Over the Rockies Air & diverse neighborhoods Space Museum Other Top Attractions & Shopping § Denver Zoo § Cherry Creek District Shopping § Buffalo Bill Museum & Grave § Denver Pavilions Shops § Colorado Railroad Museum § Larimer Square Shops § Elitches Amusement Park § Several Neighborhood § Downtown Aquarium Shopping Districts Source: Longwoods Dining & Nightlife § Neighborhood dining, fine dining to food halls & gourmet markets § James Beard Award-Winning Chefs § Food events all year long § 100+ Brewpubs & Microbreweries! 34 Live Music Scene Venues: Local & National Talent: § Red Rocks Amphitheatre § Nathaniel Rateliff & the Night § Levitt Pavilion Sweats, OneRepublic, the § Number Thirty Eight, Bluebird Theater, Clocktower Lumineers, the Fray, Gregory Cabaret, Dazzle, Fiddler’s Green Amphitheatre, Alan Isakov, Tennis and many Fillmore Auditorium, Gothic Theatre, Grizzly Rose, more! Marquis Theater, Nocturne, Ogden Theatre, Ophelia’s Electric Soapbox, Paramount Theatre, Summit Music Diverse Denver Denver has a rich history and wonderfully diverse cultural landscape § Indigenous Peoples o Extensive Indigenous Arts of North America collection at Denver Art Museum o Denver March Powwow § Black Denver o Five Points Historic District: Black American West Museum, Stiles African American Heritage Center,
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