Hotel Industry Report Released
[From the desk of Chip Rogers, President & CEO, American Hotel & Lodging Association]
Today, AHLA released its 2023 State of the Hotel Industry report. The report forecasts that the hotel industry in 2023 will surpass pre-pandemic levels of demand, nominal room revenue and state and local tax revenue, while inching closer to other key 2019 performance metrics. It is based on data and analysis from Oxford Economics and was created in collaboration with AHLA Platinum Partners STR, Avendra, Ecolab, Encore, and Oracle.
Top findings of the report include:
You can view the report here. For more information, visit AHLA.com.
AHLA is the largest hotel association in America, representing more than 30,000 members from all segments of the industry nationwide – including iconic global brands, 80% of all franchised hotels and the 16 largest hotel companies in the U.S. In addition to hoteliers, AHLA membership includes partner state associations, industry vendors and suppliers, hospitality students and those who teach and mentor them.