Hotel business travel revenue will be down in 2022.
While the hospitality industry is beginning to rebound as the pandemic seems to wane, hotel business travel is still taking time to recover. (See also Infographic on page 38.) According to a report issued by the American Hotel and Lodging Association (AHLA), leisure travel is expected to return to pre-pandemic levels this year. However, the 2022 report projects that hotel business travel revenue will be down 23% from 2019, which equates to a $20-billion decrease.