2021 State of the Commonwealth Report
For the Virginia hotel industry, the last 24 months have been challenging in a number of ways. The pandemic and associated social distancing measures resulted in a collapse of visitors and revenue in the spring and summer of 2020. In 2021, the Hampton Roads market set records for hotel revenue, but other markets continued to struggle. In this chapter, we look at how the markets in Virginia have performed over the past two years and how 2022 may bring good news for the hotel industry.
Dragas Center for Economic Analysis and Policy, Old Dominion University, "Part 3: Bounce Back? The Pandemic and Tourism in Virginia" (2021). State of the Commonwealth Reports. 60.