oxford economics
Report: Hotel-Generated State and Local Tax Revenue to Reach New Highs in 2023
AHLA | February 21, 2023
WASHINGTON (Feb. 21, 2023) – Hotel-generated state and local tax revenue will reach new heights nationally ($46.71 billion) and in states across the nation this year, according to state-by-state projections released today by the American Hotel & Lodging Association (AHLA) and Oxford Economics. Average U.S. hotel occupancy is projected to reach 63.8% in 2023 – just shy of 2019’s level of 65.9%. Staffing is expected to remain a challenge for many U.S. hotels in 2023, as the industry continues to grow its workforce back to pre-pandemic levels. “Hotels are making significant strides toward recovery, supporting millions of good-...
Report: Hotels Continue Moving Toward Recovery in 2022
AHLA | January 24, 2022
WASHINGTON — January 24, 2022 — The hotel industry will continue moving toward recovery in 2022, but the path will be uneven and potentially volatile, and full recovery is still several years away, according to the American Hotel & Lodging Association (AHLA)’s 2022 State of the Hotel Industry Report. The report, which reveals shifts in consumer and business sentiment, was created in collaboration with AHLA Silver Partner Accenture and is based on data and forecasts from Oxford Economics and AHLA Platinum Partner STR. The top findings of the report include: Hotel occupancy rates and room revenue are projected to approac...
New AAHOA/Oxford Economics Study Details Extent of AAHOA Members’ Economic Impact and Industry Influence
AAHOA | August 5, 2021
AAHOA announced the results of a new study conducted in partnership with Oxford Economics, a global leader in forecasting and quantitative analysis, on the economic impact and industry influence of the association’s nearly 20,000 Members. The study analyzed the share of U.S. hotels and rooms owned by AAHOA Members, hotel operations, hotel guest ancillary spending, capital investment, and indirect and induced impacts supported by AAHOA hotels in other parts of the U.S. economy. Among the study’s impressive conclusions, the 34,260 AAHOA Member-owned hotels account for 60 percent of all hotels in the U.S., 3.1 million guestrooms, and 2.2 mil...
Hotel Report: $16.8 Billion Loss in State & Local Tax Revenue From Hotels in 2020 Due to COVID-19 Impact
AHLA | June 18, 2020
WASHINGTON (June 18, 2020)—As a result of the sharp drop in travel demand from COVID-19, state and local tax revenue from hotel operations will drop by $16.8 billion in 2020, according to a new report by Oxford Economics released today by the American Hotel & Lodging Association (AHLA). Hotels have long served as an economic engine for communities of all sizes, from major cities, to beach resorts, to small towns off the interstate—supporting job creation, small business opportunities and economic activity in states and localities where they operate. Hotels also generate significant tax revenue for states and local governmen...
Hotel Industry Supports More Than 1 in 25 American Jobs
AHLA | September 9, 2019
WASHINGTON (September 9, 2019) – Underscoring the significant economic impact and strong growth of the hotel industry, a new study released today finds that hotels support more than 1 in 25 American jobs—8.3 million in total—and contribute nearly $660 billion annually to U.S. GDP. Conducted by Oxford Economics, the study was sponsored by the American Hotel & Lodging Association (AHLA) and the American Hotel & Lodging Educational Foundation (AHELF) and showcases the breadth and depth of the hotel industry and its value to the communities we serve. The study is part of AHLA’s Dreams Happen Here campaign, which highlights the ...
Travel Trends Index: International Inbound Travel Tumbles While Domestic Leisure Travel Remains Strong
U.S. Travel Association | May 9, 2019
WASHINGTON (May 9, 2019) — Travel to and within the U.S. grew 2.0% year-over-year in March, according to the U.S. Travel Association's latest Travel Trends Index (TTI)—marking the industry's 111th straight month of overall expansion. However, this growth was dampened by the news that international inbound travel fell a whopping 5.4% year-over-year in March—after edging down just 0.2% in February. The sharp decline in international inbound travel in March was likely due to the timing of Easter, which fell on April 1 last year and April 21 this year; the holiday has historically been a peak travel time for visito...
Travel Trends Index: International, Domestic Travel Growth Projected to Dwindle
April 3, 2019
WASHINGTON (April 3, 2019)— Travel to and within the U.S. grew 3.2% year-over-year in February, according to the U.S. Travel Association's latest Travel Trends Index (TTI). However, the predictive Leading Travel Index (LTI) continues to project a slowdown in both international and domestic travel growth, as both segments could continue to feel the effects of rising trade tensions, volatile financial markets and weakening business and consumer confidence. These factors have the potential to stunt travel growth and dull American competitiveness at a time when the U.S. is seeking to reverse its declining share of the global inter...
Travel Trends Index: International Sector Powers Strong Overall Finish to Q1
U.S. Travel Association | May 9, 2018
WASHINGTON (May 8, 2018)—Travel to and within the United States was up 3.4 percent year-over-year in March, according to the U.S. Travel Association's latest Travel Trends Index (TTI)—marking the industry's 99th straight month of overall expansion. The March TTI generated some eye-catching numbers, mainly due to the earlier timing of Easter (April 1). Higher volumes of international travelers tend to visit the U.S. close to that holiday, while domestic business travel typically falls, according to U.S. Travel researchers. Accordingly, international inbound travel to the U.S. registered eye-popping 11 percent year-ove...
