The nation’s COVID-battered hotel industry is on the rebound, with leisure travel revenue in the top 50 U.S. markets expected to exceed pre-pandemic levels of 2019, a national industry trade group declared Monday.
But that translates into consumers paying more. All year, industry officials have noted that improving hotel revenues have meant higher prices for consumers as the industry struggled to snap back from a devastating travel slowdown that started in early 2020 and started to rebound last year.
“The hotel industry continues its march toward recovery, but we still have a way to go before we fully get there,” said Chip Rogers, president and CEO of the Washington, DC.-based American Hotel and Lodging Association, in a statement.
