AHLA warns of persistent revenue, labor shortfalls

A new study by the American Hotel & Lodging Association clouds the recovery picture with a projection that business travel, the industry’s primary income source, could take until late 2024 to fully rebound. Despite an upswing in leisure traffic, room revenue will fall $44 billion this year from 2019 levels and 20% of hotel jobs lost to the pandemic will not return in 2021, the study says.