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Hotel Industry 2021.pdf

2021 State of the Hotel Industry.pdf
Preview of Hotel Industry 2021
🔗 Source: ahla.com
📊 Size: 712 KB
👤 Author: Abbey Kang
⬇️ Downloads: 96

Summary

The hotel industry experienced a devastating year in 2020, with historically low occupancy, massive job loss, and hotel closures. In 2021, the industry faces challenges, including a slow vaccine rollout, and travel is not expected to return to 2019 levels until 2024. Key findings include: hotels will add 200,000 direct jobs in 2021 but remain 500,000 jobs below pre-pandemic levels, half of US hotel rooms will remain empty, business travel will be down 85% compared to 2019, and 56% of consumers expect to travel for leisure. The industry will begin to rebound in 2021, but a full recovery remains years off, with hotel employment unlikely to reach pre-pandemic levels until at least 2023.

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Description

The hotel industry experienced a devastating year in 2020, with historically low occupancy, massive job loss, and hotel closures.

Technical Information

  • File Format: PDF
  • File Size: 712 KB
  • Pages: 20
  • Language: EN
  • Author: Abbey Kang
  • Total Downloads: 96
  • Last Updated: 1 week ago

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This PDF document about Hotel Industry 2021 provides comprehensive information and guidance. Whether you're a beginner or advanced user, this resource offers valuable insights into Hotel Industry 2021.

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