DC Prepares For Economic Boost As Hotels Fill Ahead Of Trump’s Inauguration

Hotels throughout Washington DC are rapidly filling up as President-elect Donald Trump’s inauguration approaches. Analytics firm STR reports that 70% of hotel rooms in the city have already been booked for the event. Although this is less than the 94% occupancy during Trump’s first inauguration in 2017, tourism officials are hopeful more reservations will come.

Elliott Ferguson, president of Destination DC, noted the growing interest in the event. “We’re waiting to see exactly what will happen in terms of short-term bookings,” Ferguson said. He stressed that large events like this are crucial for local businesses that rely on tourism to thrive.

Hotel prices have soared in response to the growing demand. Rooms at the Marriott Marquis near the Washington Convention Center are now over $1,500 per night, with very few available. Other hotels, including The Windsor Inn and The Poppy Georgetown, are charging nearly $900 per night.

Inaugurations for first-term presidents often bring larger crowds, which explains why former President Barack Obama’s 2009 inauguration reached a 97% hotel occupancy. His second inauguration in 2013 saw occupancy fall to 78%. Trump’s second inauguration is following this pattern but still promises to bring many visitors.

Businesses in DC are hopeful for a strong economic recovery after years of losses. President Joe Biden’s 2021 inauguration was limited due to COVID-19 restrictions and tight security following the Jan. 6 protests. That event led to reduced visitor numbers and hurt the local economy.

Around 250,000 ticketed guests are expected to attend the inauguration, providing a significant boost to hotels, restaurants and shops. Ferguson expressed confidence, stating, “The hotels, the restaurants — all those who actually work in hospitality are banking on people showing up.”

With the event just days away, the city is preparing for security measures, traffic disruptions and an influx of visitors ready to witness the historic event.