Kalibri: Top 50 Cities - Business and Leisure

CORONAVIRUSTRAVELRECOVERYOPTIONS TOP50MARKETS–BUSINESS&LEISUREHOTELREVENUE KalibriLabs–October2022 U.S.hotelleisuretravelrevenueisprojectedtoend202214%above2019levels,whilehotelbusinesstravelrevenueisexpectedtocomewithin1%of2019levels,accordingtoananalysisforAHLAbyKalibriLabs.Buttheprojectedgrowthwillbeuneven,particularlyinmanymajorcitiesanddestinationswherebusinesstravelcontinuestolag.Amongthetop50U.S.markets,80%willseeleisurehoteltravelrevenueexceed2019levels.Just40%cansaythesameabouttheirhotelbusinesstravelrevenue.It’simportanttonotethatthe2022projectionsarenotadjustedforinflationandrealhotelrevenuerecoverywilllikelytakeseveralmoreyears. HOTELS:BUSINESSTRAVELREVENUE HOTELS:LEISURETRAVELREVENUE TOPMARKETS 2019 BusinessTravelRevenue 2022ProjectedBusinessTravelRevenue Differencevs.2019 2019 LeisureTravelRevenue 2022ProjectedLeisureTravelRevenue Differencevs.2019 NATIONAL $80,815,358,835 $80,206,393,933 $(608,964,902) -1% $85,998,541,842 $97,827,239,999 $11,828,698,157 +14% NewYork,NY $3,876,775,665 $3,006,528,212 ($870,247,453) -22.40% $5,633,147,473 $5,389,931,391 ($243,216,082) -4.30% Washington,DCArea $2,532,793,527 $1,819,447,230 ($713,346,297) -28.20% $1,848,788,468 $1,818,010,289 ($30,778,179) -1.70% LosAngeles,CA $2,506,456,761 $2,244,166,844 ($262,289,917) -10.50% $2,847,554,123 $3,050,849,507 $203,295,384 7.10% Chicago,IL $2,327,741,135 $1,896,454,670 ($431,286,465) -18.50% $1,967,969,468 $2,042,408,559 $74,439,090 3.80% Orlando,FL $2,318,051,154 $2,323,490,433 $5,439,279 0.20% $3,286,575,875 $4,096,437,223 $809,861,348 24.60% SanFrancisco,CA $2,111,009,089 $1,265,065,919 ($845,943,170) -40.10% $1,890,500,242 $1,536,226,160 ($354,274,081) -18.70% Atlanta,GA $1,655,112,141 $1,427,427,872 ($227,684,270) -13.80% $1,310,240,976 $1,484,462,306 $174,221,330 13.30% LasVegas,NV $1,610,204,938 $1,831,983,447 $221,778,509 13.80% $1,940,596,602 $2,219,649,398 $279,052,796 14.40% Boston,MA $1,576,978,552 $1,330,574,618 ($246,403,934) -15.60% $1,391,227,594 $1,564,207,709 $172,980,115 12.40% Dallas,TX $1,557,229,233 $1,479,973,352 ($77,255,881) -5.00% $1,088,811,920 $1,295,219,541 $206,407,621 19.00% SanDiego,CA $1,463,097,077 $1,587,086,635 $123,989,558 8.50% $1,548,242,379 $1,851,045,408 $302,803,029 19.60% Phoenix,AZ $1,281,582,024 $1,329,955,635 $48,373,612 3.80% $1,127,473,383 $1,406,192,943 $278,719,560 24.70% Houston,TX $1,217,949,736 $1,049,973,865 ($167,975,871) -13.80% $933,958,404 $1,043,367,962 $109,409,557 11.70% Miami,FL $1,190,414,586 $1,464,899,360 $274,484,774 23.10% $1,913,087,589 $2,545,211,668 $632,124,079 33.00% Seattle,WA $1,137,090,045 $936,815,943 ($200,274,102) -17.60% $953,377,918 $932,470,601 ($20,907,316) -2.20% Anaheim,CA $1,125,619,868 $1,123,859,421 ($1,760,447) -0.20% $1,438,532,730 $1,776,096,288 $337,563,558 23.50% SanJose,CA $1,122,537,383 $755,566,826 ($366,970,556) -32.70% $749,229,121 $703,305,804 ($45,923,317) -6.10% Denver,CO $1,053,004,269 $971,866,092 ($81,138,176) -7.70% $850,926,203 $926,554,505 $75,628,302 8.90% Nashville,TN $961,565,386 $1,049,940,134 $88,374,749 9.20% $886,505,662 $1,159,581,516 $273,075,854 30.80% Philadelphia,PA $889,221,824 $702,214,136 ($187,007,688) -21.00% $791,789,870 $786,055,195 ($5,734,675) -0.70% Austin,TX $841,490,607 $922,097,718 $80,607,111 9.60% $714,076,386 $904,342,018 $190,265,632 26.60% NewOrleans,LA $691,271,495 $694,461,115 $3,189,620 0.50% $810,747,059 $862,400,499 $51,653,440 6.40% Minneapolis,MN $685,413,173 $538,237,634 ($147,175,539) -21.50% $559,827,901 $544,690,772 ($15,137,129) -2.70% FortLauderdale,FL $662,184,144 $721,012,011 $58,827,867 8.90% $849,187,960 $1,146,184,984 $296,997,024 35.00% SanAntonio,TX $634,424,995 $631,590,775 ($2,834,220) -0.40% $630,380,999 $687,703,538 $57,322,539 9.10% Detroit,MI $585,820,388 $488,484,026 ($97,336,362) -16.60% $470,078,420 $494,747,111 $24,668,691 5.20% Charlotte,NC $583,496,316 $551,816,722 ($31,679,594) -5.40% $432,816,960 $557,622,244 $124,805,285 28.80% St.Louis,MO $555,261,538 $495,053,971 ($60,207,568) -10.80% $477,091,045 $528,204,577 $51,113,532 10.70% Portland,OR $551,409,771 $457,743,766 ($93,666,005) -17.00% $498,181,665 $480,993,367 ($17,188,298) -3.50% Indianapolis,IN $483,491,918 $477,516,467 ($5,975,451) -1.20% $415,974,094 $487,014,165 $71,040,072 17.10% Sacramento,CA $478,373,261 $455,885,087 ($22,488,174) -4.70% $493,717,921 $529,980,936 $36,263,015 7.30% VirginiaBeach,VA $465,836,485 $500,899,156 $35,062,671 7.50% $580,352,496 $670,305,214 $89,952,717 15.50% Raleigh,NC $444,966,431 $384,174,247 ($60,792,184) -13.70% $361,010,461 $389,090,819 $28,080,358 7.80% Baltimore,MD $436,280,353 $347,043,863 ($89,236,490) -20.50% $370,354,345 $383,866,350 $13,512,005 3.60% Tampa,FL $422,425,130 $480,313,377 $57,888,248 13.70% $342,362,705 $493,035,523 $150,672,818 44.00% KansasCity,MO $421,103,429 $410,782,432 ($10,320,997) -2.50% $358,637,500 $424,626,749 $65,989,249 18.40% Cincinnati,OH $408,034,005 $349,295,393 ($58,738,612) -14.40% $355,358,267 $359,924,565 $4,