Following what’s been a big summer of double-digit returns, Palm Springs hotel revenues for August have jumped 23% over 2010. This significant gain is a huge boost to the Palm Springs economy, bringing critical dollars to City coffers. It’s also means more people visiting, shopping, dining, and adding to the bottom line of our local merchants.
From the City’s press release:
These significant gains in August, which is traditionally a slower tourism month in the Coachella Valley, are the result of a more than $180 million reinvestment in the City’s hotel stock – along with the implementation of the City Council’s hugely successful Hotel Incentive Program.
It’s a credit to our hard working tourism and hospitality partners that TOT in our City continues on the upswing, Mayor Pougnet is quoted in the article as saying.
This is one a notable policy achievements of City Council, and Steve’s incredibly proud to have led this initiative with his colleagues. I believe that our guests are noticing the new restaurants, the vibrancy downtown, and all the new lodging options in our City. And what our community gets is dollars for amenities, services, and a better place to live.
Photo courtesy of David Gray