February employment report
Leisure and Hospitality Still Biggest Unemployment Factor in New Jobs Report
U.S. Travel Association | March 7, 2022
WASHINGTON — March 7, 2022 — U.S. Travel Association Executive Vice President of Public Affairs and Policy Tori Emerson Barnes issued the following statement on the Bureau of Labor Statistics’ February employment report, which confirms that 73% of the jobs lost are in Leisure & Hospitality (L&H): “The overall jobs report today may be good economic news for certain sectors, but nearly three quarters (73%) of all jobs still lost due to the pandemic are in Leisure & Hospitality (L&H). The sector’s uneven recovery is due to the lack of available workers, and revenues are down due to a lack of inbound internat...
JLL U.S. Hotel Market Overview
JLL | June 4, 2019
JLL Hotels & Hospitality just issued its latest U.S. hotel market overview, projecting that 2019 U.S. hotel transaction volume will total $34.0 billion. The hotel sector is experiencing moderated but continued growth and we anticipate 2019's ADR forecast to increase by 2.4 percent and RevPAR to increase 2.3 percent. Depending on investment strategy, there are many strategic investment opportunities across a variety of core and secondary markets. For example, cities such as New York, San Francisco and Los Angeles with increased liquidity are able to weather cyclical changes while secondary markets like Louisville, Atlanta and Pittsbu...
