The pandemic crisis lingers for city hotels

HomeTravel

The pandemic crisis lingers for city hotels

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

A new discount airline from Iceland is ready to push ‘Play’
How tough is the hotel labor market for employers, exactly?
ProfitSword implements full suite of business intelligence solutions at Regal Hospitality

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. 

T0712USHOTELMARKET_C [Credit: STR]

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. 

COMMENTS

WORDPRESS: 0
DISQUS: