The city’s tourism market continued to expand during the
first six months of the year, according to a report by the Lloyd D. Levenson
Institute of Gaming, Hospitality and Tourism at Stockton University.
The report based its findings on indicators for lodging fees,
casino parking revenue and non-casino spending. All three indicators were up,
the report noted. The indicators are year-over-year percentage changes in the
Atlantic County lodging fee per 100 rooms, the Atlantic City casino parking fee
per 100 spaces and Atlantic County noncasino revenue per available room.
All three performance indicators showed healthy gains in the
second quarter year over year, with the parking fee per 100 spaces up 10
percent, lodging fee per 100 rooms up 8 percent and “Atlantic County Noncasino
RevPAR,” or revenue generated per room up 8 percent.
the Taj Mahal closed in October 2016, it led to an increase in Atlantic County
lodging fees, according to the report. After the 2014 and 2016 casino closures, Atlantic
County reports an inventory of 19,321 rooms, supplying 590 thousand room nights
in the month of June of 2017, according to the report. Moreover, following the
closure of the Taj Mahal, significant gains were realized for the final nine
months of the period. Altogether, the lodging market in Atlantic County
experienced healthy year-over-year gains.
The report comes on the heels of the city’s seven remaining
casinos reporting 20 percent growth in gross operating profits during the first
six months of the year.