AHLA: Hotel Industry Projected to Surpass Pre-Pandemic Levels in 2023
WASHINGTON—The hotel industry in 2023 is projected to surpass pre-pandemic levels of demand, nominal room revenue, and state and local tax revenue, while inching closer to other key 2019 performance metrics, according to the American Hotel & Lodging Association’s 2023 State of the Hotel Industry Report. The report, which forecasts that operational challenges such as staffing shortages and economic factors will replace COVID as hoteliers’ top concerns, is based on data and analysis from Oxford […]
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