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Hotel revenues down

October 19, 2021 By B.C. Manion

The hotel industry in Florida is projected to end 2021 down nearly 61% or $5.3 billion in business travel revenue compared to 2019, according to a report released recently by the American Hotel & Lodging Association (AHLA) and Kalibri Labs. Business travel is the hotel industry’s largest source of revenue and has been slow to return since the onset of the pandemic. Business travel includes corporate, group, government, and other commercial categories. While Florida has seen some return of business travel this year, full comparative revenue is not expected to reach pre-pandemic levels until 2024, according to a news release from the AHLA.

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