2022 Q3 REPORT | JULY — SEPTEMBER A LETTER FROM THE CEO the equally historic and iconic Sperry Building at 146 West Weber. We hope to begin this move before the end of the year and welcome you all to an open house in early 2023.
Welcome to Fall! We are still in awe that we are already in October. It has been a whirlwind year, with mostly ups and a few downs, as we all continue to try to figure out what recovery looks like. With three months remaining in 2022, our team continues to work diligently on behalf of the Stockton community and our local partners in travel and tourism.
Stockton Brew Fest 2022 Local lodging continues to be challenged, feeling the impacts of labor shortages, high gas prices, inflationary pressures, and the lack of pre-pandemic levels of business travel. The last two quarters have seen a softening in hotel occupancy, but average daily rates are still at an all-time high, a combination that is keeping hotels at overall revenue levels above those in 2019. Some interesting info to note: we are seeing year-over-year growth in the short-term rental market, and our visitor location data shows overall destination foot traffic above 2019 levels. Hopefully 2023 will return us to some more consistent metrics – we will keep you posted.
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IFEA Awards Festival This past quarter did bring some great news to the Visit Stockton team. In September, our organization was recognized by the International Festival and Event Association with a Gold Award for Best New Festival for the Stockton Flavor Fest. Our team was excited to earn this award, a true validation of our teams' hard work, and our successful partnership with the City of Stockton. We are already busy planning the 2023 festival, so be sure to mark your calendars for May 19-21 – for a three-day celebration of our community's diverse cultures.
To finish off the new year, and for the first time since 2019, we are having our holiday party. We hope you will join us for our annual Visit Stockton Holiday Party on Tuesday, December 13 from 5:30pm to 7:30pm at the Haggin Museum. We look forward to celebrating the year with our friends and partners over great food and holiday cheer! As always, we are here to serve and support our partners and the Stockton community. If you are seeking a partnership, have feedback or ideas you would like to share, or just have a question, please do not hesitate to reach out to me or any member of our team.
Wes Rhea Chief Executive Officer
Sperry Building The quarter ahead brings another big change for Visit Stockton as we are relocating! After nearly 10 years at our current location in the historic B&M Building, we are moving down the street to