Hotel Industry Projected To Lose Billions By The End Of 2021
A new report shows the hotel industry across the country is projected to end the year down more than $59 billion in business travel revenue, compared to 2019 numbers.
The ongoing pandemic has not spared Arizona hotels either.
The American Hotel & Lodging Association and Kalibri Labs is out with a new report.
The report says overall hotel jobs are down too, nearly 500,000 compared to 2019.
A separate survey shows that business travel and events are not expected to return to pre-pandemic levels until 2024.