Hospitality Industry Expected to Lose $1.3 Billion in 2021

The hotel industry in North Carolina is projected to end 2021 down by 61%, or $1.3 billion, in business travel revenue compared to 2019, according to a new report released today 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.

Author: Mike Jackson