Economy-Wide Hotel Guest Spending

Oxford Economics and STR highlight a robust recovery in hotel guest spending, projected to reach $758.6 billion in 2024. This marks a nearly 5% increase from 2023 and a significant 24% rise from pre-pandemic levels in 2019. This growth is attributed to increased spending on lodging, transportation, food and beverage, retail, and other expenses. The report provides detailed state-by-state projections, illustrating widespread economic impacts across the U.S., with California, Florida, and Texas leading the charge in guest expenditures. These trends underscore the ongoing resilience and recovery of the hospitality industry post-COVID-19.