U.S. hotel leisure travel revenue will be up 14% this year over 2019 levels, while hotel business travel revenue will come within 1% of 2019 levels, according to a new analysis by AHLA and Kalibri Labs.
Why it matters: Surging demand has created historic career opportunities for employees, with growing wages, increased flexibility, and expanded benefits.
Yes, but: The projections are not adjusted for inflation, and real hotel revenue recovery will likely take several years. Recovery also remains uneven, with larger markets that tend to rely on business travel continuing to lag:
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40 of the top 50 U.S. markets will see leisure travel revenue exceed 2019 levels this year
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Only 20 markets will exceed 2019 levels for business travel revenue
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