Summer Savings! Get unlimited digital access for 13 weeks for $13.
Topics

Bill Irwin

Officials: Grand Prix boosted hotel, parking revenue

Officials: Grand Prix boosted hotel, parking revenue

The inaugural Baltimore Grand Prix gave the local economy much of the boost officials hoped for — though organizers say they will seek to spread the benefits to more businesses next year. The street race helped pump up weekend revenues at a sampling of hotels by 44 percent compared with Labor Day weekend last year, according to preliminary counts. It also drove average room rates for those hotels up 55 percent and more than doubled the take at city-owned parking garages. The figures, compiled by the research firm Forward Analytics, were released Thursday by Mayor Stephanie Rawlings-Blake and Baltimore Racing Development, the private group that produced the three-day event. The...

Loading
81°