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Va. tourism generated $33.3B for 2023
Virginia’s tourism industry generated $33.3 billion in visitor spending in 2023, an increase of nearly 10% over 2022, Gov. Glenn Youngkin announced Monday. “The commonwealth’s record-breaking visitor spending numbers are a testament to our abundance of attractions and unique destinations,” Gov. Youngkin stated in a news release. Virginia’s tourism industry supported over [...]
Cashing in
In 2019, a state study forecast that if the General Assembly allowed five casinos to operate in five economically disadvantaged Virginia cities — Bristol, Danville, Norfolk, Portsmouth and Richmond — that one-third of the revenue generated would stem from out-of-state visitors. In other words, if you build it, casino backers sang out to the commonwealth’s […]
Visit Alexandria appoints next president and CEO
A veteran tourism marketing executive from California, Todd O’Leary, will be Visit Alexandria’s new president and CEO, effective July 8, the tourism marketing organization announced Monday. Visit Alexandria’s board of governors has appointed O’Leary to succeed Patricia Washington, who announced her plans to retire in December 2023. Washington will lead the organization thro[...]
Fed’s Fifth District economy stays the course
Economic activity in the Federal Reserve’s Fifth District was little changed in recent weeks, according to the latest edition of the Federal Reserve’s Beige Book, released March 6. Published eight times per year, the Beige Book is based on anecdotal information about economic conditions gathered from the nation’s 12 Federal Reserve Banks. It is compiled from […]
Northern Va. Big Deal: Safari in Spotsy
A high school marching band, a giant seafood boil and an enthusiastic crowd of about 200 people helped celebrate the Oct. 20, 2023, groundbreaking for the $900 million, 1.38 million-square-foot Kalahari Resort in Spotsylvania County. The fifth African-themed resort from the privately owned, Wisconsin-based Kalahari Resorts & Conventions, the sprawling tourism and events destination is planned[...]
Tourism: Game on
According to the state government, visitor spending across Virginia surpassed $30 billion in 2022, exceeding 2019 expenditures by 4.4%. Nevertheless, business travel still hasn’t returned to pre-pandemic levels, particularly in Northern Virginia. But leisure travel is back and booming. Hotel revenues were up 13% statewide in 2023, compared with 2019, with more rooms sold at […]
Va. casinos report almost $53M in January revenue
January gaming revenues from Virginia’s three casinos totaled $52.86 million, according to Virginia Lottery data released Thursday. Virginia’s first casino, the Bristol Casino: Future Home of Hard Rock temporary facility, opened July 2022. The Virginia Lottery Board approved HR Bristol’s casino license in April 2022. Last month, the Bristol casino generated about $9.9 million fro[...]
Virginians wager $633M on sports in December
Virginians bet about $633 million on sports in December 2023, up 25.9% from December 2022, according to data released by the Virginia Lottery on Feb. 1. December’s handle is a 0.88% decrease from November 2023, when Virginians bet $638.8 million on sports. Virginia bettors won more than $569.57 million in December 2023 and $595.8 million […]
Fed’s Fifth District economy sees mild expansion
Economic activity in the Federal Reserve‘s Fifth District (a multistate region including Virginia, North Carolina, South Carolina, West Virginia and Maryland) expanded mildly in recent weeks, according to the latest edition of the Federal Reserve’s Beige Book, released Wednesday. Published eight times per year, the Beige Book is based on anecdotal information about economic conditions[...]
Renovating Roanoke’s ‘Grand Old Lady’
The Hotel Roanoke & Conference Center, Curio Collection by Hilton plans a $14 million renovation this year, bringing new technology, new design and new, custom-made Hotel Roanoke-logoed furniture to every one of its 329 guest rooms. The hotel’s most recent renovation, completed in 2020, upgraded its Pine Room restaurant, created the 1882 lobby bar and […]
Inn at Little Washington plans five-star upgrades
After more than 40 years of growing his three-Michelin-star restaurant, Inn at Little Washington chef and owner Patrick O’Connell is nearing his wish of offering guests “all the amenities of great hotels in Europe with the warmth of visiting a private home.” Expansion plans include adding a reception building, two new buildings with 10 guest […]
Va. hotel revenues continue to recover from pandemic
Almost all Virginia hotel markets have fully recovered financially from the COVID-19 pandemic, and Hampton Roads continues to outpace Virginia and the U.S. in improvement based on hotel revenue. Virginia hotel revenues through November were 12.7% higher than they were in 2019, according to a report released Tuesday by Old Dominion University’s Dragas Center for […]
