20 years of business down the toilet.
SFGate: Estimated $64M loss as SF’s ‘poor street conditions,’ high costs drive out Oracle’s OpenWorld.
Oracle’s OpenWorld conference, which annually hosts 60,000 guests, will be leaving San Francisco after two decades, reportedly citing “poor street conditions” and high costs as the driving factors in the decision.
The news was first reported by CNBC, which acquired an email the San Francisco Travel Association sent to its members on Monday.
“Oracle stated that their attendee feedback was that San Francisco hotel rates are too high,” read part of the email. “Poor street conditions was another reason why they made this difficult decision.”
The SFTA said it anticipated OpenWorld would result in 62,000 hotel room nightly bookings in Oct. 2020, Oct. 2021 and Sept. 2022.
“The estimated economic impact of each of the above is $64,000,000, a huge loss for our city,” said the email. This, of course, assumes that those rooms will not be filled by other bookings.
The five-day conference is one of the largest conventions hosted in the city each year. Participants are offered more than 2,000 sessions and demos related to the software company’s offerings. read more
They did not mention the high crime rate. That may have been a factor also.
Well that’s just shitty!
I avoid pestilential shit holes as well
They don’t need convention dollars. Just raise taxes!
“Open World” isn’t that a euphemism for one world government? If so, Oracle is in favour of this kind of shit.
As companies (and tourists) catch on, CA will spiral down the drain financially. Moscone was already a hard place to do business because unions owned everything…you couldn’t plug in a lamp without a union taking a cut.
Instead of trangenderizing our elementary school kids, maybe we should make it mandatory that they walk the streets of San Francisco and see what “progressive/democrat/socialist” policies actually look and smell like.
Look Ma! There’s small leak at the
bottom of the big waste-water damn.
Knowing the assholes who run californication they will probably send them a bill anyway based on their prior ‘intent’ to hold their conference there!
Oracle’s OpenWorld conference? I sure hope they’ll pick my town! If we can’t win the NAMBLA convention.
And yet I wonder how much money Oracle donated and will continue to donate to democrat politicians?
Impoverishing CA is the plan. SF is the lab, and LA is following suit.
Relocating to Oklahoma City?😁
Shithole’s gotta shithole! 😳