2023 State of The Industry

Summary The latest content from the American Hotel & Lodging Association's 2023 report highlights several key trends shaping the U.S. hotel industry. Recovery is ongoing, with room demand expected to surpass pre-pandemic levels in 2023, driven by the return of group business and leisure travel. However, inflation and supply chain disruptions remain challenges, with anticipated price increases impacting operations. Consumers prioritize cleanliness, price, flexibility, and sustainability, moving away from pandemic-specific precautions. Bleisure travel continues to grow, as does the importance of technological advancements, with AI and robotics gaining attention to address staffing shortages.