Original forecasts for the Hyatt Regency Portland predicted that the hotel would grow the region’s convention business by a third, increasing the Oregon Convention Center’s economic impact and the Portland area’s annual hotel business by 70,000 to 110,000 room nights.
In the first year of bookings, the Travel Portland and OCC sales teams generated a 43.2% increase in OCC group room nights booked across all Portland hotels over the previous year. To date, 31 total conventions have been booked that included a Hyatt room block with an estimated total of 140,000 room nights. In fiscal year 2018, 25 conventions were booked because of the Hyatt Regency Portland at the Oregon Convention Center. These groups specifically selected Portland due to the availability of a Hyatt block of 250 to 550 rooms. Six additional conventions are confirmed with a Hyatt room block that likely would have come to Portland regardless.
Since July 1, 2018, Travel Portland and the Oregon Convention Center sales teams have confirmed six more conventions that include a Hyatt room block. With visitors spending an average of $404 per night, this means an additional $115 million in economic impact for our region, thus far.
Hotel project on time and on budget
Project is proceeding according to schedule, approaching 75% completion. No discrepancies, conflicts or ambiguities exist in the construction documents that require resolution. No health or safety issues exist in connection with the work.
The project is on target for Leadership in Energy and Environmental Design Silver rating, which requires 50 points. Currently the project team anticipates to achieve 53-57 points. Design points to be submitted to USGBC in November, upon completion of 100% design.
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