Despite a robust rebound in domestic leisure travel, the American Hotel & Lodging Association (AHLA) reports that 21 of the top 25 U.S. hotel markets are mired in a depression or recession.
Unsurprisingly, the majority of the 21 destinations hardest hit by the pandemic are urban markets, which have been disproportionally impacted by a dearth of business and group travel.
Nationwide, urban hotels collectively saw room revenue decline 52% in May 2021 compared to May 2019.
According to data released by the AHLA, top U.S. markets currently in a depression cycle include San Francisco, where revenue per available room (RevPAR) in May 2021 was down 70% from May 2019. RevPAR was down 67% in Boston, 65% in Washington, D.C., and 62% in New York.
Also in depression mode are Chicago, Seattle and Minneapolis, with all three of those markets recording a RevPAR decline in May 2021 of over 50% compared with May 2019.
Alternatively, hotels in Florida cities are doing very well. Miami’s RevPAR in May 2021 was up 31% from May 2019, and Tampa’s was up 10%.
The AHLA’s report comes as the trade group puts pressure on Congress to pass the Save Hotel Jobs Act, a bill that promises to provide relief to unemployed hotel workers by way of direct payroll grants and worker-friendly tax credits, among other measures.
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