A new recently released study finds that hotels support more than 1 in 25 American jobs—8.3 million in total—and contribute nearly $660 billion annually to U.S. GDP.
Conducted by Oxford Economics, the study was sponsored by the American Hotel & Lodging Association (AHLA) and the American Hotel & Lodging Educational Foundation (AHELF) and showcases the breadth and depth of the hotel industry and its value to the communities the industry serves. The study is part of AHLA’s Dreams Happen Here campaign, which highlights the ways hotels power our economy, support our employees, grow and groom employees and serve the world’s travelers. The analysis includes a breakdown of the industry’s economic impact in every state and congressional district in America. View the report and additional information here.
This report builds on the dynamic growth the hotel industry has seen in the last decade. Hotel industry sales have increased 43.5 percent since 2010, with 1.3 billion guests staying in American hotels last year. As the industry attracts more guests, employment has expanded to new highs, reaching 2.3 million hotel jobs directly on property—a gain of more than 160,000 hotel jobs since 2015. The total number of U.S. jobs supported by the hotel industry has increased by 1.1 million since 2015.
Please select this link to read the complete blog post from Lodging Magazine.