state of the hotel industry
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...
The Current State of the Hospitality Industry
ROBERT RAUCH | May 5, 2021
By Bob Rauch Where is the Hospitality Industry as of Spring 2021? Current conditions in the state of the hospitality industry include leisure travel, employee challenges and reinvented guest programming. While I do not know how we are going to pay for the government spending plans, I do know that in the short-term, we will see huge growth in gross domestic product with some forecasters projecting over 6% for this year. Lenders are back in the game and traffic on the roads seems to me like an increase in business overall. To date, all of the hotel business, by and large, is leisure business. Longer weekends...
