A new report from the American Hotel & Lodging Association and Kalibri Labs projects that US hotel business travel revenue will be 23% below pre-pandemic levels in 2022 and end the year down more than $20B compared to 2019.
Business travel—including corporate, group, government, and other commercial categories—is the US hotel industry's largest source of revenue. During the past two years, the industry has lost an estimated $108 billion in business travel revenue.
"While leisure travel is expected to return to pre-pandemic levels this year, business travel will take significantly longer to recover," the AHLA report said.
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