On May 9, 2025, the Capital Improvement Board of Managers for the City Council of Indianapolis convened to discuss various developments and performance metrics related to the city's tourism and event sectors. The meeting highlighted a positive trend in revenue generation and hotel occupancy, indicating a robust recovery and growth in the local economy.

One of the key discussions centered around the performance of recent events. Despite hosting fewer concerts, the revenue generated exceeded expectations, showcasing the resilience of the local entertainment sector. Upcoming events, including playoff games for the Indiana Pacers and the WNBA All-Star Game, were anticipated to further boost local engagement and revenue.

The hotel occupancy report revealed that March 2025 was a record month, with a year-to-date revenue increase of 2.6% compared to the previous year. Notably, downtown Indianapolis achieved a remarkable 69.7% occupancy rate, significantly outperforming national averages. This growth is attributed to a series of successful events, including sports competitions and conventions, which have drawn visitors to the area.

The meeting also addressed the challenges faced by the convention center, particularly regarding international attendance. While domestic participation remained strong, there was a noted decline in international visitors, which some attendees attributed to broader economic factors affecting travel. However, the lead pipeline for future events remains robust, with a 14% increase over the previous year, suggesting a strong interest in hosting events in Indianapolis.

Additionally, the board celebrated the success of the recent Rose Awards, which recognized outstanding contributions to hospitality in Central Indiana. The event highlighted the importance of the tourism sector, which supports approximately 83,000 jobs and generates significant visitor spending.

Looking ahead, the board expressed optimism about upcoming events, including the Sweets and Snacks Expo, which is expected to draw significant attendance. The meeting concluded with a call for continued engagement and promotion of Indianapolis as a premier destination for events and tourism.

In summary, the Capital Improvement Board's meeting underscored a positive trajectory for Indianapolis's tourism and event sectors, with strong revenue growth and a commitment to enhancing the city's appeal as a destination for visitors and events alike.