The hospitality outlook for 2022 is better than it was for 2021, however travel readiness will inform how the hotel industry performs in critical areas including occupancy, room revenue, employment, and consumer appetite.
It's not ready to fully return to 2019 levels, though, according to a study issued by the American Hotel and Lodging Association with Accenture.
It projects that only 58.3% of meetings and events will return in 2022, with 86.9% back in 2023. By the end of 2022, hotels are expected to employ 2.19 million people—93% of their pre-pandemic level.
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