COVID still wreaks havoc on the Northwestern national hospitality industry
Part is due to the evolution of practices, zoom meetings, etc. in part because of COVID-related travel and business restrictions.
Regardless, the American Hotel and Lodging Association (AHLA) says the industry is expected to close 2021 down $ 59 billion from 2019 figures.
Trips are canceled, reduced or postponed, some still due to COVID concerns. As for jobs in the industry, they should end the year with some 500,000 fewer jobs than in 2019.
AHLA and Kalibri Labs recently conducted a survey covering many aspects of the industry. They found that while many industries rebound, the hospitality industry and workers are still struggling.
The ten cities reported by the AHLA that are expected to lose the most business hotel revenue are New York, Washington DC and San Francisco (1-2-3) as well as Chicaco and LA.
The ten states that are expected to lose the most are California, Florida, New York (1-2-3) as well as Illinois, Massachusetts and Nevada.
As for the Pacific Northwest, Seattle is in 14th place for the most lost hotel business travel revenue, while Portland is in 25th place. Seattle’s revenue is down 85% from 2019, while Portland’s 74%.
Part of that, however, especially for Portland, can be attributed to the violence and riots that have taken place over the past two years, and Seattle has had to deal with CHOP.
These incidents, along with rising crime rates, have prompted many businesses and industries to move conventions and meetings away from the two cities.
To view the actual loss chart via Kalibri Labs, click the button below.