Quick Bites | March 2023
Hotels to Surpass Pre-Pandemic Demand in 2023
The American Hotel & Lodging Association (AHLA)has released its 2023 State of the Hotel Industry report forecasting that the hotel industry this year will surpass pre-pandemic levels of demand, nominal room revenue and state and local tax revenue, while inching closer to other key 2019 performance metrics. Hotel-generated state and local tax revenue will reach new heights nationally ($46.71 billion)and instates across the nation this year, according to state-by-state projections released by the AHLA and Oxford Economics. Michigan is among the top ten states projected to have the highest gross increase in hotel-generated state and local tax revenue from 2019 to 2023 with a projected increase of over $209 million.
Other top findings of the report include:
•2023 nominal room revenue is projected to reach new heights ($197.48 billion vs. $170.35billion in 2019).
•2023 room-night demand is projected to surpass pre-pandemic levels (1.3 billion occupied room nights vs. 1.29 billion in 2019).
•Average U.S. hotel occupancy is projected to reach 63.8% in 2023–just shy of 2019’s level of65.9%.
•Staffing is expected to remain a significant challenge for U.S. hotels in 2023, with hotels projected to employ 2.09 million people in 2023, down from 2.35 million in 2019.
Other top findings of the report include:
•2023 nominal room revenue is projected to reach new heights ($197.48 billion vs. $170.35billion in 2019).
•2023 room-night demand is projected to surpass pre-pandemic levels (1.3 billion occupied room nights vs. 1.29 billion in 2019).
•Average U.S. hotel occupancy is projected to reach 63.8% in 2023–just shy of 2019’s level of65.9%.
•Staffing is expected to remain a significant challenge for U.S. hotels in 2023, with hotels projected to employ 2.09 million people in 2023, down from 2.35 million in 2019.
Celebrating Women's History Month
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March is National Women’s History Month, an annual declared month that highlights the contributions of women to events in history and contemporary society. This year, the MRLA is celebrating all of our amazing women-owned businesses that make up our membership and we encourage you to support them throughout the month!
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ServSafe Training Coming to Mackinac Island
The Michigan Restaurant & Lodging Association is bringing ServSafe Food Safety Manager classes and one ServSafe Food Handler class to Mackinac Island at in May to support your business and your employees. The MRLA is also offering a special for anyone who purchases a food manager training class will also receive two ServSafe Alcohol Training online course and exam codes for free. For more information on dates, pricing, and to secure your class visit mrla.org/island or contact Heidi Hiner [email protected].
