Hotels Will Pay Historic Wages, Generate Record Level of Tax Revenue in 2024

AHLA | January 29, 2024

Despite labor shortages and persistent inflation, industry recovery continues WASHINGTON (Jan. 29, 2024) – Hotels are projected to pay a record amount of wages and generate a record level of tax revenue in 2024, according to the American Hotel & Lodging Association’s 2024 State of the Hotel Industry report. The report, which forecasts that hoteliers will face continued challenges due to nationwide labor shortages while inching closer to 2019 occupancy levels, is based on data and analysis from Oxford Economics and was created in collaboration with AHLA Premier Partners STR, Avendra, Ecolab, Encore, JLL, Oracle, and Towne Park. Top...