Things are seemingly looking up for the Atlantic City businesses that haven’t closed down.
Performance metrics for the city are all trending upward, according to the Atlantic City Tourism Performance Indicators. The AC-TPI is released by Lloyd D. Levenson Institute of Gaming, Hospitality and Tourism through Stockton University.
Three metrics are used to measure performance of the tourism industry: Lodging fees per 100 rooms, parking fees per 100 spaces and non-casino revenue per available room in Atlantic county.
These metrics have increased between 8 and 10 percent over the past 12 months.
Some metrics have gained and flatlined, such as non-casino revenue per available room, which increased 15 percent in April and 7 percent in June, but stayed stagnant in May. Others have had steady increase. The park fee per 100 spaces saw a near-term peak in June with $175 earned per 100 parking spaces.
“In the wake of casino closures, Atlantic County’s lodging industry has become highly efficient,” said Rummy Pandit, executive director of the Lloyd D. Levenson Institute of Gaming, Hospitality and Tourism. “The 12 month trailing total for the Atlantic County Lodging Fee is up 7.4 percent over the previous 12-month period and, at $686 per 100 rooms, is the highest on record.”
These numbers may be related to an unrelated report that said leisure and hospitality positions made up most of the New Jersey’s new jobs in the past year.