University of Chicago UOC Physicals 8 17
Illinois hotels report record revenues for fiscal year 2023

Illinois hotels report record revenues for fiscal year 2023

By ANDREW ADAMS
Capitol News Illinois
[email protected]

CHICAGO – For hoteliers, business is booming in Illinois.

On Monday, Gov. JB Pritzker, the state’s legislative leadership and representatives of the hospitality industry announced that hotels in Illinois saw record revenues in fiscal year 2023, which ended June 30.

Across the state, hotels brought in $307.8 million, according to figures from the state’s Department of Revenue. That beats fiscal year 2019, the previous record year for hotel income and the last year before the pandemic upended the hospitality industry.

Revenue in 2023 was up 35.8 percent from the prior year and 230.1 percent from fiscal year 2021, when the pandemic was still significantly affecting peoples’ travel habits.

“Tourism means more jobs for hotel and hospitality and recreation workers – good paying jobs with health insurance,” Pritzker said at a Monday news conference in Chicago. “More tourism means millions of new visitors exploring all the amazing things that our state and city have to offer.”

Major events have helped bolster Illinois’ tourism industry in 2023, according to Kristin Richards, the head of the state’s Department of Commerce and Economic Opportunity. These include the sold out Enjoy Illinois 300 NASCAR race in Madison and Taylor Swift’s Eras tour.

Swift’s fans, who descended on Chicago’s Soldier Field for three nights over the first weekend in June, contributed to Chicago seeing the highest weekend hotel occupancy rate in history – an average of 96.8% according to reporting from Bloomberg.

But hotel revenues are only one way to measure tourism’s impact. Other metrics have yet to match 2019’s records.

The state’s tourism office partners with analytics firm Tourism Economics to research visitors’ impact on the state’s economy. The agency reported to the state in June that Illinois saw 111.3 million visitors who spent $44.3 billion in calendar year 2022. Calendar year 2019, the highest year on record for both measures, saw 122.8 million visitors who spent a combined $45.5 billion.

The hotel industry as well has not fully recovered from the pandemic’s tourism industry interruptions.

Michael Jacobson, president of the Illinois Hotel and Lodging Association, said that while revenues have returned, staffing levels and occupancy rates overall have not yet reached pre-pandemic levels, although they were trending toward recovery.

“We look forward to returning to our place as one of the most significant economic engines, employers and taxpayers in the state,” Jacobson said on Monday.

The state has made some significant investments in tourism in the past few years, including the $30.3 million “Middle of Everything” ad campaign. The campaign, which launched in the spring of 2022, stars television actress and Illinois native Jane Lynch.

The campaign’s first year brought in an additional 2 million visitors and generated $1 billion in Illinois hotels, restaurants, small businesses, and attractions, according to the state’s tourism office. The campaign recently launched a new set of TV ads this summer that feature the television star.

“Being able to share my passion for all things Illinois comes naturally, and getting to meet and work with so many inspiring people and unique businesses across the state is an honor,” Lynch said in a June 23 news release.

Capitol News Illinois is a nonprofit, nonpartisan news service covering state government. It is distributed to hundreds of print and broadcast outlets statewide. It is funded primarily by the Illinois Press Foundation and the Robert R. McCormick Foundation, along with major contributions from the Illinois Broadcasters Foundation and Southern Illinois Editorial Association.

Leave a Comment





Local News

Casey Krueger and the Chicago Red Stars have nine points left on the table to try to make it to the playoffs. Photo by Jeff Vorva

Pro Soccer Report | Red Stars seeking max points in quest for playoffs

Spread the love

Spread the loveBy Jeff Vorva Staff Writer With three games to go and in last place, the Chicago Red Stars are in a position to be spoilers. But in this unpredictable NWSL season in which teams are bunched up in the standings, the Red Stars are in a position where they can play more than…

Stagg's Luke Barham finished second in the Tolefree/Farley XC Invitational on Sept. 23. Photo by Jeff Vorva

Cross Country | Stagg’s Barham having an adventure in September

Spread the love

Spread the loveBy Jeff Vorva Staff Writer Stagg senior runner Luke Barham has experienced a unique September. Barham finished third in the Richard Dust meet at North Creek Meadow in Chicago Heights on Sept. 2 with a time of 15:52.81. A week later, he placed 26th place but set a personal-best time of 15:19.30 in…

SRP-IMAGE-Logo

Area Sports Roundup | Hoops powers invited to December showcases

Spread the love

Spread the loveBy Jeff Vorva Staff Writer The invitations are in. As basketball coaches and athletic directors put the finishing touches on the 2023-24 schedules, some of the teams in the Southwest Regional Publishing coverage area have picked up invitations to a pair of prestigious hoops tournaments in December. The Chicago Elite Classic takes place…

CRRNH_PattiTyznik_102622

It’s been a rewarding experience

Spread the love

Spread the love. By Patti Tyznik Your correspondent in Clearing and Garfield Ridge (708) 496-0265 • [email protected] I started writing this column one year ago this month. It has been such a rewarding experience, to say the least. Along the way I have met many wonderful, caring people who volunteer their time to community events and…

Saint Xavier wide receiver Justin Pringle finds room ro run during a 16-15 loss to Indiana Wesleyan in the Cougars' home-opener on Sept. 16. Photo courtesy of Saint Xavier University Department of Athletics

Indiana Wesleyan scrapes by Saint Xavier after missed 2-pt conversion

Spread the love

Spread the loveBy Mike Walsh Correspondent Life is about choices. Sometimes, the result is to our benefit; sometimes it is not. In Saint Xavier’s loss to visiting Indiana Wesleyan on Sept. 16 at George R. Deaton Field in Mount Greenwood, head coach Mike Feminis was presented with an important decision to make with his team…

SRP-IMAGE-Logo

High School Football Wrap: Week 4 | St. Laurence has Ball in win over Providence

Spread the love

Spread the loveBy Mike Walsh Correspondent Providence has won 10 state championships and finished runner-up four times, including last season in Class 4A. So how did St. Laurence’s student body celebrate the Vikings’ second-ever victory over the Celtics, 31-24, last Friday night in Burbank? With an old-fashioned field-storming. St. Laurence senior Aaron Ball scored the…

SRP-IMAGE-Logo

Sandburg shreds Lockport defense, block last-second FG attempt to secure win

Spread the love

Spread the loveBy Randy Whalen Correspondent Anthony Shelton burst on the scene a year ago in a big Sandburg win over Lockport. The Eagles junior last week solidified himself as a top quarterback in the South Suburbs with another win over the Porters. Shelton threw for 300 yards and a pair of touchdown passes as Sandburg…

SRP-IMAGE-Logo

Chicago Bears honor Stagg’s Nero, Gilmore

Spread the love

Spread the loveBy Mike Walsh Correspondent The Chicago Bears named Stagg head football coach Colt Nero and Chargers senior Lebarion Gilmore as the Chicago Bears Coach of the Week and the Chicago Bears High School All-Star for Week 3 of the 2023 season. The honors came after Stagg defeated visiting Belleville West 24-0 in a…

Richards freshman running back Ladarrius Foster runs past the Oak Lawn defesne during the Bulldogs’ 27-2 win on Sept. 15. Photo by Xavier Sanchez

Richards downs Oak Lawn in crosstown clash

Spread the love

Spread the loveBy Xavier Sanchez Correspondent Merriam Webster defines a rivalry as “one of two or more striving to reach or obtain something that only one can possess.” In sports, that makes both sides of any competition rivals, but the term is often reserved for a special matchup, of sorts. One of those is Oak…

Summit Police Chief Mel Ortiz (from left), Officer Alberto Valadez, and Officer Jihovanny Correa at the Summit Neighborhood Watch meeting last Thursday night. (Photo by Carol McGowan)

Man dies in Markham shootout after robbing Summit phone store

Spread the love

Spread the loveBy Carol McGowan The man who robbed an AT&T store in Summit on Thursday morning was later found dead in a house in Markham after shots were exchanged between the man and police. The incident started when a man – identified as Jeremy Kelly, 28, of Markham – robbed the AT&T store at…

Neighbors

DVN JCs Restoration House Ad
Casey Krueger and the Chicago Red Stars have nine points left on the table to try to make it to the playoffs. Photo by Jeff Vorva

Pro Soccer Report | Red Stars seeking max points in quest for playoffs

Spread the love

Spread the loveBy Jeff Vorva Staff Writer With three games to go and in last place, the Chicago Red Stars are in a position to be spoilers. But in this unpredictable NWSL season in which teams are bunched up in the standings, the Red Stars are in a position where they can play more than…

Stagg's Luke Barham finished second in the Tolefree/Farley XC Invitational on Sept. 23. Photo by Jeff Vorva

Cross Country | Stagg’s Barham having an adventure in September

Spread the love

Spread the loveBy Jeff Vorva Staff Writer Stagg senior runner Luke Barham has experienced a unique September. Barham finished third in the Richard Dust meet at North Creek Meadow in Chicago Heights on Sept. 2 with a time of 15:52.81. A week later, he placed 26th place but set a personal-best time of 15:19.30 in…

SRP-IMAGE-Logo

Area Sports Roundup | Hoops powers invited to December showcases

Spread the love

Spread the loveBy Jeff Vorva Staff Writer The invitations are in. As basketball coaches and athletic directors put the finishing touches on the 2023-24 schedules, some of the teams in the Southwest Regional Publishing coverage area have picked up invitations to a pair of prestigious hoops tournaments in December. The Chicago Elite Classic takes place…

CRRNH_PattiTyznik_102622

It’s been a rewarding experience

Spread the love

Spread the love. By Patti Tyznik Your correspondent in Clearing and Garfield Ridge (708) 496-0265 • [email protected] I started writing this column one year ago this month. It has been such a rewarding experience, to say the least. Along the way I have met many wonderful, caring people who volunteer their time to community events and…

Saint Xavier wide receiver Justin Pringle finds room ro run during a 16-15 loss to Indiana Wesleyan in the Cougars' home-opener on Sept. 16. Photo courtesy of Saint Xavier University Department of Athletics

Indiana Wesleyan scrapes by Saint Xavier after missed 2-pt conversion

Spread the love

Spread the loveBy Mike Walsh Correspondent Life is about choices. Sometimes, the result is to our benefit; sometimes it is not. In Saint Xavier’s loss to visiting Indiana Wesleyan on Sept. 16 at George R. Deaton Field in Mount Greenwood, head coach Mike Feminis was presented with an important decision to make with his team…

SRP-IMAGE-Logo

High School Football Wrap: Week 4 | St. Laurence has Ball in win over Providence

Spread the love

Spread the loveBy Mike Walsh Correspondent Providence has won 10 state championships and finished runner-up four times, including last season in Class 4A. So how did St. Laurence’s student body celebrate the Vikings’ second-ever victory over the Celtics, 31-24, last Friday night in Burbank? With an old-fashioned field-storming. St. Laurence senior Aaron Ball scored the…

SRP-IMAGE-Logo

Sandburg shreds Lockport defense, block last-second FG attempt to secure win

Spread the love

Spread the loveBy Randy Whalen Correspondent Anthony Shelton burst on the scene a year ago in a big Sandburg win over Lockport. The Eagles junior last week solidified himself as a top quarterback in the South Suburbs with another win over the Porters. Shelton threw for 300 yards and a pair of touchdown passes as Sandburg…

SRP-IMAGE-Logo

Chicago Bears honor Stagg’s Nero, Gilmore

Spread the love

Spread the loveBy Mike Walsh Correspondent The Chicago Bears named Stagg head football coach Colt Nero and Chargers senior Lebarion Gilmore as the Chicago Bears Coach of the Week and the Chicago Bears High School All-Star for Week 3 of the 2023 season. The honors came after Stagg defeated visiting Belleville West 24-0 in a…

Richards freshman running back Ladarrius Foster runs past the Oak Lawn defesne during the Bulldogs’ 27-2 win on Sept. 15. Photo by Xavier Sanchez

Richards downs Oak Lawn in crosstown clash

Spread the love

Spread the loveBy Xavier Sanchez Correspondent Merriam Webster defines a rivalry as “one of two or more striving to reach or obtain something that only one can possess.” In sports, that makes both sides of any competition rivals, but the term is often reserved for a special matchup, of sorts. One of those is Oak…

Summit Police Chief Mel Ortiz (from left), Officer Alberto Valadez, and Officer Jihovanny Correa at the Summit Neighborhood Watch meeting last Thursday night. (Photo by Carol McGowan)

Man dies in Markham shootout after robbing Summit phone store

Spread the love

Spread the loveBy Carol McGowan The man who robbed an AT&T store in Summit on Thursday morning was later found dead in a house in Markham after shots were exchanged between the man and police. The incident started when a man – identified as Jeremy Kelly, 28, of Markham – robbed the AT&T store at…

DVN McDonalds 7701 Harlem House Ad
SWNH Ameri Corp House Ad