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How Much of a Boost Will the Inauguration Give DC's Hotels?

WASHINGTON, DC-Local officials are expecting a relatively paltry 600,000 to 800,000 visitors to the nation's Capitol on Jan. 21.

By Erika Morphy | Updated on December 25, 2012

WASHINGTON, DC-Hotels in the DC area have had a lackluster year due to several factors, not the least of which has been scaled back travel activity by the federal government. DiamondRock Hospitality, a locally-based REIT, to cite one example, reported that its Westin Washington, DC City Center hotel is expected to experience RevPAR contraction of 5% to 7% in the fourth quarter in part for that reason, according to comments made by CEO Mark Brugger in a recent earnings call.

Now, estimates by District of Columbia about the visitor count expected for the presidential inauguration suggest that there is little relief in sight.

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