July 6 – Report: Many top U.S. hotel markets in depression/recession without business travel | Health Care

WASHINGTON — Despite leisure travel resuming after last year’s vacation lockdowns due to COVID-19, a new report released by the American Hotel & Lodging Association shows 21 of the top 25 U.S. hotel markets remaining in a depression or recession. The data released July 1 shows urban hotels are still in a “depression” cycle, while the overall U.S. hotel industry remains in a “recession,” according to data comparing May 2021 to prepandemic May 2019.

“Urban markets, which rely heavily on business from events and group meetings, continue to face a severe financial crisis as they have been disproportionately impacted by