Hotel leisure travel revenue in 2022 is expected to grow 14% from pre-pandemic levels
U.S. hotel leisure travel revenue is expected to end 2022 14% above 2019 levels, while hotel business travel revenue is expected to be less than 1% of 2019 levels. 2019, according to a new analysis released today by the American Hotel & Lodging Association and Kalibri Labs.
The projections are not adjusted for inflation and the recovery in real hotel revenues will likely take several more years.
The post-pandemic recovery remains uneven, particularly in many major cities and destinations where business travel continues to lag. Among the top 50 U.S. markets, 80% are expected to see hotel leisure travel revenue surpass 2019 levels, but only 40% are expected to achieve this milestone for business travel revenue. Many urban markets, which are heavily dependent on group events and gatherings business, are still on the road to recovery.
Here’s how the top 10 markets for hotel business and leisure travel revenue are expected to fare this year:
Rising revenues are creating historic career opportunities for hotel employees, with more than 115,000 hotel jobs currently open Across the country. Hotels are offering potential hires a host of incentives to fill vacancies — 81% have increased salaries, 64% are offering greater flexibility with hours and 35% have expanded benefits, according to a September 2022 report AHLA Membership Survey.
“The hospitality industry continues its march towards recovery, but we still have a long way to go before we fully get there,” said Chip Rogers, President and CEO of AHLA. “That’s why AHLA remains focused on working with members, legislators and stakeholders in slower-rebounding markets to ensure the full return of meetings, conferences and group travel in addition to travel. and business. At the same time, we continue to grow the industry’s talent pool by highlighting the unprecedented career opportunities that hotels offer. Through higher salaries, better benefits and more flexibility and opportunities for advancement, there’s never been a better time to work in a hotel.
To help hotels fill vacancies and raise awareness of the hospitality industry’s 200+ career paths, the AHLA Foundation’s “A Place to Stay” multi-channel advertising campaign is now active in 14 cities, including Atlanta, Baltimore , Chicago, Dallas, Denver, Houston, Los Angeles, Miami, Nashville, New York, Orlando, Phoenix, San Diego and Tampa. For more information about the campaign, visit thehotelindustry.com.
AHLA recently completed a series of “hospitality works» events in major cities across the country. The campaign sought to increase business and leisure travel while highlighting the hospitality industry’s strong commitment to investing in its workforce, protecting employees and guests, and supporting local communities.
About the American Hotel & Lodging Association (AHLA)
The American Hotel & Lodging Association (AHLA) is the only national association representing all segments of the American lodging industry. Based in Washington, DC, AHLA focuses on strategic advocacy, communications support, and workforce development programs to move the industry forward. Learn more about www.ahla.com.