business travel revenue
Analysis: 2022 Hotel Leisure Travel Revenue Projected To Be Up 14% Over Pre-Pandemic Levels
AHLA | October 17, 2022
WASHINGTON (October 17, 2022) – U.S. hotel leisure travel revenue is projected to end 2022 14% above 2019 levels, while hotel business travel revenue is expected to come within 1% of 2019 levels, according to a new analysis released today by the American Hotel & Lodging Association (AHLA) and Kalibri Labs. The projections are not adjusted for inflation, and real hotel revenue recovery will likely take several more years. 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 projected to see hotel leisure travel reve...
Report: Hotels Projected to End 2022 Down $20 Billion in Business Travel Revenue, Nearly 25% Below Pre-Pandemic Levels
AHLA | April 19, 2022
Click Here for a State-By-State Breakdown Click Here for a Market-By-Market Breakdown WASHINGTON (April 19, 2022) – According to a new report released today by the American Hotel & Lodging Association and Kalibri Labs, U.S. hotel business travel revenue is projected to be 23% below pre-pandemic levels in 2022, ending the year down more than $20 billion compared to 2019. This comes after hotels lost an estimated $108 billion in business travel revenue during 2020 and 2021 combined. While leisure travel is expected to return to pre-pandemic levels this year, business travel—which includes corporate, group, government, and oth...
Hotels Projected to End 2021 Down $59 Billion in Business Travel Revenue
AHLA | September 15, 2021
WASHINGTON – September 15, 2021 – The hotel industry is projected to end 2021 down more than $59 billion in business travel revenue compared to 2019, according to a new report released today by the American Hotel & Lodging Association and Kalibri Labs. That comes after losing nearly $49 billion in business travel revenue in 2020. Business travel is the hotel industry’s largest source of revenue and has been slow to return since the onset of the pandemic. Business travel includes corporate, group, government, and other commercial categories. Business travel revenue is not expected to reach pre-pandemic levels until 2024. The ne...
