The Hotel Market Size in 2020 Declined 48 Percent
The hotel and resort market size in the United States in 2021, measured by revenue, of the Hotel Construction industry is $19.7 billion.
At the peak of the pandemic, according to AHLA's 2020 report, nearly nine out of ten hotels had to lay off or furlough workers while the hospitality industry lost 7.5 million jobs while consumer travel hit all time low occupancies. While 2021 has seen lifted pandemic restrictions, the hotel industry has lifted mask guidelines for vaccinated hotel employees. The industry is still recovering from the 3.1 million job loss seen during the pandemic. According to AHLA, California alone saw a 90,977 loss of hotel property jobs.