A new report from the American Hotel & Lodging Association and Kalibri Labs is projecting that overall US hotel industry revenue will exceed 2019 levels, led by a brisk recovery in leisure travel and an unexpected rebound in business travel.
AHLA now is projecting that overall US hotel leisure travel revenue will come in 14% over pre-pandemic levels, which translates to nearly $12B in positive results.
The hospitality trade association also adjusted its outlook for hotel business travel upward: across US markets, AHLA says business travel revenue will come within 1% of 2019 levels, paring the projected loss to about $609K.
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