Estimate shows hotel revenue boost from Grand Prix

BALTIMORE - Tourism officials say preliminary data show the Baltimore Grand Prix fueled a 44 percent boost in revenue at a sampling of area hotels.

The data was released Thursday morning by Visit Baltimore, the city's tourism bureau. It says hotels near the downtown racetrack also reported a significant increase in food and beverage sales.

Visit Baltimore President and CEO Tom Noonan expects the event to be a moneymaker in the future too.
Labor Day weekend is traditionally the slowest time of the year for the city's tourism industry.

Ticketfly reports more than 100,000 tickets were sold. Race organizers Baltimore Racing Development reports spending more than $3 million in race preparations. Organizers do not expect to turn a profit in the first year of the race, which has a five-year contract.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

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