X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

DENVER-So far, at least 25 conventions, trade shows and meetings have been cancelled in the metro area, following the terrorist attacks on the World Trade Center and the Pentagon. The conventions were called off in sympathy for the victims of the tragedy, as well because of limited air service.

Another reason is that many people simply don’t feel safe flying at this time.

Reportedly, losses already have cost hotels $1 million to $5 million in expected revenues.

The next big convention in Denver is the National Recreation and Park Association’s meeting on Oct. 3 to 6. The event will bring 10,000 visitors to Denver, and has not yet been cancelled, says Eugene Dilbeck, president of the Denver Metro Convention & Visitors Bureau.

“So far, no one has canceled any citywide conventions,” Dilbeck tells GlobeSt.com. “They have cancelled a number of meetings at hotels, though.”

Retailers and restaurants also suffer when conventions are cancelled.

The 50 conventions booked by the bureau last year brought $192 million to the city. Denver is not alone.

PriceWaterhouseCoopers issued a report that projects the national hotel industry will post its worse performance in 33 years because of fear of terrorism.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.