Over the past few weeks, the media has been absolutely giddy over the return of tourism across America. And, we are too...though we are cognizant that it certainly isn't the case everywhere.
A new report from the American Hotel & Lodging Association (and, they should know) holds that 21 of the top 25 hotel markets in America remain in "Depression" or "Recession" status. in May, San Francisco continued 70% off its May 2019 Rev/Par pace....and Boston, New York City and DC weren't far behind. Only Tampa and Miami were up over 2019 levels.
Let's certainly celebrate the return of travel...but let's not forget our partners in our urban centers.
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