Albuquerque Tourism Sees Record Growth For 2019 Fiscal Year
August 30, 2019 – Buoyed by an improving local economy and some recent infrastructure improvements, Albuquerque’s tourism industry wrapped up one of its strongest 12-month periods in the last four decades.
During Visit Albuquerque’s annual meeting Thursday, the organization announced that lodging tax collections during its last fiscal year, which ended June 30, exceeded $14.4 million, a record and an increase of 10.8% compared to the prior year. Additionally, the occupancy rate at Albuquerque hotels and the average daily rate for a hotel room each rose by nearly 6% since the previous year.
Albuquerque’s tourism industry grew faster than the national average, and faster than the average of 10 of Albuquerque’s peer cities, according to Tania Armenta, president and CEO of Visit Albuquerque.
“It is impacting each aspect of our community, and it’s an important economic driver,” Armenta said.
Tourism is one of Albuquerque’s largest private-sector industries. In July, leisure and hospitality, which includes tourism and tourism-adjacent businesses, employed 48,300 residents in metro Albuquerque, according to the New Mexico Department of Workforce Solutions.