2022 Hotel Room Revenue by State

CORONAVIRUSTRAVELRECOVERYOPTIONS 2022MidyearStateoftheIndustryReport HOTELROOMREVENUEBYSTATE OxfordEconomicsAnalysis–July2022 Priortothepandemic,thehotelindustry’s5.4millionguestroomsgeneratedmorethan$170billioninannualroomrevenue.In2020,hotelroomrevenuefellbynearly50%acrosstheUnitedStatestojust$85.9billion,thenreboundedto$142.7billionin2021.Thatupwardtrajectoryhascontinuedin2022,withroomrevenueexpectedtosurpass2019levelsby11%bytheendoftheyear,accordingtoananalysisforAHLAbyOxfordEconomics.While2022roomrevenuesareprojectedtoexceed2019levelsonanominalbasis,whenadjustedforinflation,realrevenueperavailableroom(RevPAR)willnotsurpass2019levelsuntil2025. Elevenstatesareprojectedtoseenominalroomrevenuesup20%ormorecomparedto2019,whilethreestatesandtheDistrictofColumbiaarenotexpectedtoreach2019levelsthisyear. HotelRoomRevenuebyState STATE 2019RoomRevenue 2022RoomRevenue $DifferenceVs.2019 %DifferenceVs.2019 NATIONWIDE $170,112,480,962 $188,394,476,231 $18,281,995,269 11% ALABAMA $1,609,988,215 $1,916,589,547 $306,601,332 19% ALASKA $640,947,564 $794,375,718 $153,428,153 24% ARIZONA $3,681,716,829 $4,449,701,699 $767,984,870 21% ARKANSAS $841,795,308 $1,003,674,451 $161,879,143 19% CALIFORNIA $25,477,783,741 $26,989,452,942 $1,511,669,200 6% COLORADO $4,378,326,338 $4,988,581,324 $610,254,986 14% CONNECTICUT $1,055,470,491 $1,145,238,659 $89,768,168 9% DELAWARE $358,192,243 $408,400,982 $50,208,739 14% D.C. $2,084,497,363 $1,737,876,323 $(346,621,041) -17% FLORIDA $17,321,825,843 $21,702,019,697 $4,380,193,854 25% GEORGIA $4,830,620,079 $5,494,891,814 $664,271,735 14% HAWAII $4,654,102,178 $5,544,369,677 $890,267,499 19% IDAHO $623,689,297 $782,588,679 $158,899,382 25% ILLINOIS $5,263,804,048 $5,132,062,469 $(131,741,580) -3% INDIANA $1,996,649,817 $2,297,893,078 $301,243,260 15% IOWA $1,005,086,034 $1,156,781,702 $151,695,669 15% KANSAS $860,454,530 $960,227,214 $99,772,684 12% KENTUCKY $1,449,361,399 $1,629,661,099 $180,299,700 12% LOUISIANA $2,538,258,177 $2,922,063,581 $383,805,403 15% MAINE $886,455,040 $1,259,157,981 $372,702,941 42% MARYLAND $2,323,613,896 $2,325,293,794 $1,679,898 0% MASSACHUSETTS $4,159,595,772 $4,439,460,231 $279,864,459 7% MICHIGAN $2,817,259,743 $3,163,686,320 $346,426,577 12% MINNESOTA $2,151,474,237 $2,119,691,685 $(31,782,551) -1% MISSISSIPPI $1,107,592,099 $1,288,043,624 $180,451,525 16% MISSOURI $2,294,334,728 $2,531,197,351 $236,862,623 10% MONTANA $724,380,349 $972,096,491 $247,716,142 34% NEBRASKA $645,304,669 $727,605,893 $82,301,224 13% NEVADA $5,719,451,058 $6,287,880,080 $568,429,022 10% NEWHAMPSHIRE $673,433,167 $821,780,687 $148,347,520 22% NEWJERSEY $3,354,147,127 $3,415,844,943 $61,697,816 2% NEWMEXICO $1,162,970,768 $1,353,609,466 $190,638,698 16% NEWYORK $13,482,349,356 $13,348,510,007 $(133,839,350) -1% NORTHCAROLINA $4,050,145,399 $4,589,640,446 $539,495,047 13% NORTHDAKOTA $417,653,970 $434,131,148 $16,477,177 4% OHIO $3,089,154,211 $3,301,055,192 $211,900,981 7% OKLAHOMA $1,230,603,347 $1,408,874,103 $178,270,756 14% OREGON $2,040,831,785 $2,251,782,943 $210,951,159 10% PENNSYLVANIA $4,266,191,977 $4,514,436,703 $248,244,726 6% RHODEISLAND $430,092,334 $511,041,510 $80,949,176 19% SOUTHCAROLINA $3,016,633,019 $3,708,060,328 $691,427,309 23% SOUTHDAKOTA $490,276,843 $613,634,819 $123,357,976 25% TENNESSEE $3,834,712,380 $4,512,961,477 $678,249,097 18% TEXAS $12,033,348,361 $13,127,075,866 $1,093,727,505 9% UTAH $1,580,738,190 $2,040,198,010 $459,459,819 29% VERMONT $558,718,988 $740,803,174 $182,084,186 33% VIRGINIA $4,098,295,211 $4,216,396,174 $118,100,963 3% WASHINGTON $3,455,231,510 $3,543,249,132 $88,017,623 3% WESTVIRGINIA $624,710,236 $656,267,618 $31,557,382 5% WISCONSIN $2,014,310,766 $2,303,335,806 $289,025,040 14% WYOMING $705,900,931 $811,222,575 $105,321,644 15% Source:OxfordEconomicsandSTR,©2022CoStarGroup