Business travel is back. The benefits of being a business traveler are not. After two years of virtual meetings and remote work, “companies are getting back to doing interviews in person, and even conferences and conventions are coming back in full force,” said Nina Herold, the general manager of TripActions, […]
Hotels
NJ hotels to take $897M hit from pre-COVID travel, study says
New Jersey’s hotels are expected to see $897 million less in revenue from business travel this year than in 2019, the last full year before the pandemic, according to a study by a national hotel trade group. Hotels in the state are forecast to make $1.57 billion in 2022 from business travel — which […]
DC-area hotels face 54% drop in business travel spending
The D.C.-based American Hotel & Lodging Association predicts the deficit in business travel spending will be 23% below pre-pandemic levels. For the D.C. market, it’s an estimated 54.4% drop. Leisure travel has returned for airlines and hotels, but business travel remains significantly lower than pre-pandemic levels, and the D.C. area […]