Hotels Hurting As Americans Stay Home for Holidays
Will you be traveling this Christmas season?
A recent national survey commissioned by the American Hotel & Lodging Association shows that nearly two-thirds (69%) of Americans will not travel for Christmas.
That figure is devastating to the hotel industry all over the country forcing many hotels to close.
The survey of 2,200 adults was conducted November 2-4, 2020 by Morning Consult on behalf of the American Hotel & Lodging Association.
74% of those traveling overnight for Christmas report they will stay with a family or friend
Only 3 in 10 (32%) respondents have taken an overnight vacation or leisure trip since March
Looking ahead to next year, 24% are likely to travel for spring break
44% say their next hotel stay for vacation or leisure travel will be a year or more from now or they have no plans to stay in a hotel
Business travel has been even more impacted as only 8% of Americans say they have taken an overnight business trip since March
Only 8% of all adults expect to travel for business within the next six months
62% of employed Americans have no plans to stay in a hotel for business
The hotel industry is facing record job loss if Congress does not provide relief in the near future. According to the American Hotel & Lodging Association every hour Congress doesn’t act hotels lose 400 jobs, with up to 3 million permanent jobs lost.
Seventy-one percent of hotels will not be able to last another six months without immediate assistance according to a recent survey of hotel owners and operators.