The hotel business is rebounding from the COVID-19 pandemic, which resulted in a collective $111.8 billion loss in room revenue alone during 2020 and 2021 according to the American Hotel & Lodging Association (AHLA). While leisure travel continues to bounce back, business travel has been slower to return; in the same report, AHLA predicted only 58 percent of meetings and events will resume in 2022.
The path to full recovery may be uneven and lengthy, and the challenges created by the pandemic over the past two years will create new hurdles for hoteliers in the year ahead, ranging from financial to operational in nature.
In a recent article for LODGING Magazine, Matt Lowe, president at Jordan Ramis, outlines three hurdles hoteliers may face in the year ahead, ranging from financial to operational in nature.
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Tags: Business, Hospitality
