DC Business Leaders Consider Ways To Boost Visitors And Dollars To Downtown

DC business leaders tapped into a video call Thursday to discuss ways to increase the number of people and dollars in the downtown area.

DC business leaders tapped into a video call Thursday to discuss ways to increase the number of people and dollars in the downtown area.

DC Downtown Business Improvement District President and CEO Neil Albert reported numbers showing low hotel reservations, fewer restaurant reservations and modest metro ridership.

The economic recovery is lagging behind, he told the group.

“Before the pandemic, nearly 200,000 people came to downtown DC every day,” Albert said on the video conference. “We are at about 39% of daily activity. We have a long way to go. “

Another factor showing a slow recovery is the number of companies bringing workers back to the office. That’s less than 25% in the DC business district.

DowntownDC board member Michael McCarthy specializes in real estate. He said companies need to know where employees want to work.

“In our surveys, therefore, the desire to work from home or come to the office is subject to individual preferences,” McCarthy said. “We need to create environments that will attract employees to the office. They will come back to the office because they would rather not be at home.

One positive point is the number of paid shows and events planned for several downtown venues.

Over the next four months, more than 85 events, including Wizards games, concerts and a monster truck show, are booked for downtown DC, said Monica Dixon, president of external affairs and chief executive officer of Monumental. Sports & Entertainment, which owns and operates Capital. An arena.

“Three weeks ago we had our very first big concert. We had the Eagles, ”she said. “Were excited. Hopefully we can increase the numbers.

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